U.S. stock market anomaly | Splurge 8 billion U.S. dollars to acquire Iridium Communications, Rocket Lab (RKLB.US) rises by over 12%.
According to the "Smart Finance and Economics" app, on Monday, Rocket Lab (RKLB.US) opened with a sharp rise, with an increase of over 12% by the time of publication. The company announced that it will acquire satellite communication service provider Iridium Communications (IRDM.US) in a cash and stock transaction, with a total transaction value of approximately $8 billion. If the transaction is completed, it will be one of the largest consolidation actions in the commercial aerospace sector in recent years. Previously, the company has gradually expanded its spacecraft manufacturing and component businesses through a series of small acquisitions.
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