Rocketlab acquires Iridium
investors.rocketlabcorp.com
Rocketlab acquires Iridium
1–10 of 318 posts
Re: Rocketlab acquires Iridium
#2RocketLab gains spectrum + profitable satellite company
Re: Rocketlab acquires Iridium
#3Crazy. I didn't know you could acquire things worth 20x more than you.
Re: Rocketlab acquires Iridium
#4Crazy. I didn't know you could acquire things worth 20x more than you.
Look at GameStop’s quixotic attempt to acquire eBay. Which is actually not impossible.
Re: Rocketlab acquires Iridium
#5Re: Rocketlab acquires Iridium
#6Crazy. I didn't know you could acquire things worth 20x more than you.
Rocket Lab's market cap is 57B and are buying Iridium for 8B. I'm assuming you're implying some other measure of worth, but it's not that crazy based on stock price.
Re: Rocketlab acquires Iridium
#7Crazy. I didn't know you could acquire things worth 20x more than you.
RocketLab market cap is 57b.
Iridium market cap was 5.5b and this transaction values it at 8b.
Re: Rocketlab acquires Iridium
#8Crazy. I didn't know you could acquire things worth 20x more than you.
This is one of those times you actually get to use "leverage" as a verb without sounding turbo cringe: a leveraged buyout is an acquisition with borrowed money; the hope is that you will be able to pay back the debt with the money you make off the acquired assets. Doesn't always pan out but sometimes it does.
Re: Rocketlab acquires Iridium
#9Rocket lab used to be a New Zealand source of pride, having started there. From the press release, now it’s American. What happened?
Re: Rocketlab acquires Iridium
#10Crazy. I didn't know you could acquire things worth 20x more than you.
Rocket Lab's market cap is 57B and are buying Iridium for 8B. I'm assuming you're implying some other measure of worth, but it's not that crazy based on stock price.
Also folks acquire things "worth" more than them all the time. That's in part why debt exists.
There are a lot of folks out there that are overly cynical and so they'll just write things like the OP from time to time which just don't make much sense or have much to do with how the real world works. What's more interesting is looking at or trying to understand strategically why Rocket Lab is making this move, especially if you are an investor.