Rocket Lab Shares Fall 6% as SpaceX Seeks FCC Review of Iridium Deal
Rocket Lab’s stock slid about 6% as SpaceX asked the FCC to examine Iridium’s conduct while the agency reviews applications tied to Rocket Lab’s proposed acquisition. Rocket Lab’s exchange ratio for Iridium payouts depends on its own share price near closing, so FCC delay and falling shares reinforce each other and weigh on sentiment into the September 24 vote.