What Does Rocket Lab's $8 Billion Iridium Acquisition Signal for the New Space Stock Era?
Rocket Lab is a pure-play space stock with businesses spanning the entire space value chain.
Overview
Rocket Lab (NASDAQ: RKLB) is the second-most-used space launch company in the United States, trailing only Space Exploration Technologies (NASDAQ: SPCX), or SpaceX. Beyond launch services, Rocket Lab is building a business spanning diverse segments of the budding space economy, making it a top pure-play space stock for investors.
The company made headlines last month when it announced its plans to acquire Iridium Communications. The move builds on Rocket Lab's space systems business and gives it ownership of Iridium's satellite constellation. Here's why the acquisition could be a game changer for Rocket Lab today.
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Originally published at www.fool.com.