Rocket Lab's stock rose 8.2% after Cantor Fitzgerald reaffirmed an Outperform rating with a $122 target, citing the upcoming acquisition of Iridium Communications and the debut of the Neutron rocket as key growth drivers. The Iridium deal, expected to close by mid-2027, could double Rocket Lab's annual revenue by adding over $850 million from satellite communications. The Neutron rocket, launching later this year, will offer 40 times the payload capacity of the current Electron rocket at $50-$55 million per mission, improving profitability through reusable propulsion. The company also completed its 96th Electron launch, demonstrating operational reliability and supporting strong revenue growth and optimistic guidance for Q3.
Rocket Lab's stock rally of 8.2% follows Cantor Fitzgerald's positive outlook on its Neutron rocket and Iridium acquisition. For readers following the broader digital asset market, here is Pluang's snapshot as of Sep 22, 2026 18:03 WIB: among 50 major cryptocurrencies, 28 rose and 21 fell. Notable moves include XRP up 3.45% at Rp27.405 with 65% buy orders, BTC up 2.80% at Rp1.539.234.234 with 65% sell orders, and XTZ down 3.72% at Rp6.009 with 60% buy orders.
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