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Rocket Lab's (RKLB) shares jumped 17% after Craig-Hallum said the company’s planned $8-billion acquisition of Iridium Holdings (IRDM) is not a move to compete with SpaceX’s (SPCX) Starlink.
Space Exploration Technologies Corp. (NASDAQ:SPCX) closed at $158.96 on October 2, and Rocket Lab Corporation (NASDAQ:RKLB) at $73.92. One of these companies is roughly forty times the size of the other. Neither makes a profit. The interesting part is that the market charges a similar price for each dollar of their…
Rocket Lab (NASDAQ:RKLB) Stock Price Down 1.2% After Insider Selling