Planet Labs Stock Surges Amid Rocket Lab-Iridium Merger News
Rocket Lab announced a $8 billion acquisition of Iridium Communications to expand into IoT and other space services, sparking excitement in the broader satellite industry. Planet Labs stock rose over 10% despite no direct involvement in the deal.
Tickers: $IRDM $PL $RKLB $SPCX
Topics: mergers and acquisitions space industry stock market reaction