Shares of Rocket Lab Corporation (RKLB) are gaining around 8 percent on Monday morning after the company announced a deal to buy Iridium Communications Inc. (IRDM) for $54 per share in cash and stock, representing an enterprise value of around $8 billion.
The company's shares are currently trading at $91.14 on the Nasdaq, up 7.74 percent. The stock opened at $91.42 and has climbed as high as $95.46 so far in today's session. Over the past year, it has traded in a range of $33.73 to $151.00.
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September 04, 2026 15:08 ET The job report and foreign trade data were the main economic news from the U.S. in the first week of September. Elsewhere in North America, the Canadian central bank announced its latest policy decision. Inflation data from Eurozone was the highlight in Europe. The latest interest rate decision by the Reserve Bank of New Zealand drew attention in Asia.