/A%20concept%20image%20of%20space_%20Image%20by%20Canities%20via%20Shutterstock_.jpg)
The SpaceX (SPCX) IPO has reignited investors’ enthusiasm for the space industry. Amid this excitement, smaller players like Rocket Lab (RKLB) are attracting attention, with growing ambitions in rockets, satellites, and space systems. Until now, the company relied heavily on launch services and spacecraft manufacturing, businesses that can be cyclical and project-based, which left some investors skeptical about its long-term prospects. But now with its newly announced $8 billion acquisition of Iridium Communications (IRDM), one of the world's most established satellite communications companies, Rocket Lab’s growth story has taken a dramatic turn.
Rocket Lab shares have surged 38% year-to-date (YTD), while Iridium shares have surged an impressive 206% so far. Let’s take a closer look at why this deal makes RKLB stock a good buy now.
