Rocket Lab acquires Iridium Communications after stock ends session up 8.1%

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Mykhailo Ihnatenko

22.09.2026

Rocket Lab acquires Iridium Communications after stock ends session up 8.1% — Rocket Lab stock rises 8.1% today

Rocket Lab announced plans to acquire Iridium Communications. The stock is up 8.1% on the day at $69.89.

RKLB price prediction

24H -1.41%

$53.96

48H -2.87%

$53.16

7D -3.14%

$53.01

1M -31.32%

$37.59

3M -32.01%

$37.21

6M -41.38%

$32.08

12M -39.08%

$33.34

Current price: $54.73 -4.3679 7.39%

Closed 10/30

Daily range 53.23

57.32

Weekly range 52.17

61.12

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Highlights

Rocket Lab announced it will acquire Iridium Communications to expand critical global communications capabilities for millions of users.
Shares of Rocket Lab are up 8.1% on the day at $69.89.
58 of 73 analysts rate Rocket Lab stock a buy, with a median price target of $110 indicating 57.3% upside.

Rocket Lab announced the acquisition of Iridium Communications. The company said the deal will deliver critical communications capability to millions of users globally. The median price target of $110 stands about 57.3 percent above the current level.

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Stretched momentum as resistance and split technical signals converge

Price is sitting right at resistance from the weekly high at $69.93. The daily move has run against the broader bearish chart structure, with shares opening with a gap up from $64.6 to $65.83. The stock is currently below the MA-200 but above the MA-20 and MA-50, which creates a split daily structure. Stoch RSI is in overbought territory, a stretched reading that limits room for further upside.

Odds tilt slightly to the downside as traders watch $69.93 level

Traders should watch for a close above $69.93 to gauge whether buyers are willing to follow through. The session began with a notable gap higher, opening at $65.83 after the previous close of $64.6. The past week has seen a sharp move higher without establishing a sustained trend; even so, over the next five trading days, the upside probability stands at 48% and the downside probability at 52%, with the price expected to range between $66.25 and $73.52. A drop below $69.67 would show the move is being faded. On the weekly chart, the longer-term picture stays mixed.

Earlier, analysts noted that Rocket Lab’s technical setup remained bearish, with sellers dominating the stock’s medium- to long-term outlook. The current rally on acquisition news challenges this backdrop, making a sustained move above $69.93 a key level for confirming any potential shift in trend.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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