Rocket Lab Jumps 6% as FCC Clears First Hurdle on Iridium Deal; Iridium Communications Barely Budges

Rocket Lab (NASDAQ:RKLB) shares are rallying after a first-step regulatory clearance on its planned acquisition, while the target, Iridium Communications (NASDAQ:IRDM), is barely moving on the same news. The Federal Communications Commission (FCC) accepted the license-transfer applications for filing, opening a public-comment period on the proposed acquisition. The step isn’t an approval of the deal; […]