Iridium Communications (NASDAQ: IRDM) announced its Q3 2026 earnings Tuesday morning, Oct. 20. Shares of the satellite communications company are basically flat since -- they cost $44.18 Monday evening before earnings, and they cost $44.25 at Wednesday's close. Rocket Lab (NASDAQ: RKLB) stock, on the other hand, is up a healthy 4.5% since Iridium reported its earnings. Why is that? It's because it doesn't really matter much anymore -- or soon won't -- how well Iridium does. Rocket Lab is buying Iridium, you see (in an $8 billion deal). And for this reason, Iridium's good news is actually really Rocket Lab's good news.
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