Space stocks including Rocket Lab, AST SpaceMobile, and Planet Labs dropped significantly on Friday, with Rocket Lab down 5%. The selloff appears driven by sector rotation rather than company-specific news, as AST SpaceMobile, unrelated to Rocket Lab's pending Iridium acquisition, led the decline. Rocket Lab's acquisition of Iridium Communications is fully funded but not yet closed, and the market is now weighing the dilution impact on shareholders. Investors should watch for regulatory progress on the deal and sector sentiment for future moves.
Rocket Lab shares are down 5.49% on Pluang, trading at USD 64.10 with a market cap of $43.36B. AST SpaceMobile also fell 6.62%, priced at USD 58.56, while Planet Labs dropped 4.91% to USD 16.16. These moves reflect significant sell pressure, with Pluang order activity showing 91% sell for Rocket Lab and 97% sell for AST SpaceMobile as of Sep 18, 2026 22:04 WIB.
Rocket Lab is transforming from a small-launch specialist into a comprehensive space company, driven by its pending acquisition of Iridium and new defense contracts. Despite a recent share price drop, the company reported record Q2 revenue of $234 mi...
Rocket Lab's stock jumped 6% after the FCC accepted the license-transfer applications for its planned acquisition of Iridium Communications, initiating a public comment period. This procedural step removes an early risk of the deal stalling but is no...
Rocket Lab's stock jumped 3% following the completion of a $1.944 billion equity offering to finance its $8 billion acquisition of Iridium Communications. This financing move removes a major uncertainty by replacing a previous bridge loan commitment ...
