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Rocket Lab shares drop 6% after SpaceX files FCC complaint over Iridium deal structure.

Market News
28 Aug 2026
24/7 Wall Street
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Bearish
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Rocket Lab's stock fell 6% following SpaceX's complaint to the FCC challenging Iridium Communications' conduct amid Rocket Lab's pending $8 billion acquisition of Iridium. The complaint centers on regulatory concerns and the deal's structure, where Iridium payouts depend on Rocket Lab's share price, causing regulatory delays to directly impact Rocket Lab's stock. This has also affected other space sector stocks like Intuitive Machines, which slid 5%. Investors await the September 24 shareholder vote, with regulatory noise and potential dilution risks keeping sentiment cautious.

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