What Happened
Space Company Expands Services Amid Strong Growth Prospects
Rocket Lab, a developer of reusable orbital rockets, has seen its stock rise significantly since its market debut in 2021. The company is expanding its space services segment and is in the process of acquiring Iridium, a developer of satellite networks, in an $8 billion deal. Analysts expect strong revenue growth for Rocket Lab, with a 43% compound annual growth rate from 2025 to 2028. The company’s next earnings report, expected in early November, may drive the stock higher. This development was reported by The Globe and Mail.