Iridium $Iridium(IRDM)$ shareholders voted in favor of Rocket Lab $Rocket Lab USA, Inc.(RKLB)$ acquiring their company. Rocket Lab had the money to purchase Iridium back on September 15th, and now this. With regulatory approval expected by 2027, it should be finalized. Rocket Lab already has government contracts, so that part looks more like a procedural step. It'll take time, but this was another big hurdle cleared.
$Rocket Lab USA, Inc.(RKLB)$ Not really concerned that this doesn't interest you, and I don't care whether it changes your view on RKLB. I was just sharing my own bullish take.
$Rocket Lab USA, Inc.(RKLB)$ There is just over an hour of regular market trading left before the Iridium Communications special stockholder vote on the Rocket Lab acquisition. The virtual meeting is scheduled for 8:30 a.m. Eastern. Should be interesting to see how this plays out.
$Rocket Lab USA, Inc.(RKLB)$ Moving my price target to $80. There has to be a day when we see a 10 percent move up or more. It has been 30 days since it last went over 10 percent.
$Rocket Lab USA, Inc.(RKLB)$ With follow-through now showing up, price has moved above the 50ma. If it can close over 72.57, then the 74ish area is the next level on my radar.
$Rocket Lab USA, Inc.(RKLB)$ $70 is a real battle, but it should be won soon. After that, 80, 90, 100, 150, and eventually 300. The bears may need to reconsider their strategy before long.
$Rocket Lab USA, Inc.(RKLB)$ I can see some downside risk near term, but today felt like a much-needed shift. RKLB has been getting one piece of good news after another lately.
$Rocket Lab USA, Inc.(RKLB)$ Watching the large liquidity level at $53 for a potential entry. Looking for a similar reaction to what happened in March '26. The real confirmation would be a reclaim of the grey liquidity level at $67, like before. Might consider a short at LTF supply in the $65-$67 range if the setup shows up in the next few days.
$Rocket Lab USA, Inc.(RKLB)$ Solid track record, diversified, and vertically integrated. The acquisitions look smart, and they're not rushing Neutron until it's ready. Backlog is decent, and the outlook seems positive.
$Rocket Lab USA, Inc.(RKLB)$ Neutron cadence combined with recurring revenue from Iridium makes this company a world beater. Not to mention space systems, robotics, and the fully end-to-end setup. The pain will be worth it one day, though I have no idea when.
$Rocket Lab USA, Inc.(RKLB)$ I didn't buy based on the charts. Short term, there's a head and shoulders pattern and this looks like it's going down to test $58–59 again. It'll probably tap that area and bounce from there.
$Rocket Lab USA, Inc.(RKLB)$ A bullish doji star pattern is in play, with upside potential of around 6.0% from the last closing price. The signal got confirmation once price crossed above the 64.16 level, and the valid average buying price now stands at 65.87. The falling wedge oversold run appears to be over.
Rocket Lab builds their own rockets, their own satellites, their own spacecraft. $Rocket Lab USA, Inc.(RKLB)$ is a self-producer of just about everything space-related.
Comparing $Rocket Lab USA, Inc.(RKLB)$ to $AST SpaceMobile, Inc.(ASTS)$ isn't really close. End-to-end companies have an easier path to growth. It's common sense that a more versatile company has more opportunities. Both are important for space, but one has nearly double the market cap at the same price per share. Rocket Lab.
$Rocket Lab USA, Inc.(RKLB)$ Not many people are in the camp that thinks September will actually be a strong month. That's part of why stocks look like a buy to me.