Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTMaham FatimaSat, July 4, 2026 at 2:56 PM GMT+2 2 min readRocket Lab Corporation (NASDAQ:RKLB) is one of the best NASDAQ stocks to invest in for long term. On June 29, Rocket Lab announced a definitive agreement to acquire Iridium Communications in a transaction valued at ~$8.0 billion. Under the terms, Iridium shareholders will receive $54 per share in a mix of cash and stock. This historic merger aims to create a fully vertically integrated space powerhouse by combining Rocket Lab's launch and satellite manufacturing expertise with Iridium's global satellite network and L-band spectrum.The deal supports Rocket Lab Corporation's (NASDAQ:RKLB) strategic capabilities, providing an immediate foothold in the space applications market, including IoT, direct-to-device services, and resilient positioning, navigation, and timing/PNT solutions. By capturing launch margins internally and using Iridium's base of over 2.55 million subscribers, the combined entity expects to achieve material revenue scale and enhance long-term cash flow generation.Is Rocket Lab (RKLB) is One of the Best NASDAQ Stocks to Invest In For Long Term?Both companies view the acquisition as a transformative move to accelerate the development of next-generation satellite infrastructure. The partnership will focus on pioneering new space-based services for government, defense, and commercial customers while ensuring the continuity and advancement of Iridium's existing constellation. The transaction is expected to close in mid-2027, pending regulatory and stockholder approvals.Rocket Lab Corporation (NASDAQ:RKLB) is a space technology company headquartered in Long Beach, California, and founded in 2006. The company designs and manufactures rockets, spacecraft, and satellite components while providing dedicated launch services for small and medium-sized payloadsWhile we acknowledge the potential of RKLB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.Disclosure: None. Follow Insider Monkey on Google News.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info