Updates

** Shares of space services firm Rocket Lab RKLB.O up 12.20% at $94.24

** RKLB to buy satellite communications provider Iridium Communications IRDM.O for $54 per share, implying a 24.1% premium to stock's last close

** Cash-and-stock deal valued at about $8 billion

** Shares of IRDM up 21.37% at $52.57, highest since July 2023

** Deal adds material revenue scale and is significantly accretive to co's cash flow generation and profitability - RKLB

** RKLB secures $3.6 billion bridge financing from Deutsche Bank, Wells Fargo as part of the deal, which is expected to close mid-2027

** Including session's moves, RKLB up 32.68%, IRDM up 203.09% YTD