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

Rocket Lab shares are rallying after receiving an initial regulatory clearance for its planned acquisition of Iridium Communications. Iridium shares showed little reaction, suggesting investors may see limited immediate upside for the target or await further approvals and transaction details. The development is a modest positive for Rocket Lab's acquisition strategy, but the deal remains subject to additional regulatory steps.