Why Viasat Stock Went to the Moon Today

Rocket Lab (NASDAQ: RKLB) is buying Iridium Communications (NASDAQ: IRDM) for $8 billion, as the two space companies just announced -- and it's getting investors in other space stocks pretty excited this morning.

Viasat (NASDAQ: VSAT) stock, for example, isn't involved in the RKLB-IRDM deal at all, but as of 10:50 a.m. ET it's already up 17.1% -- even more than Rocket Lab's 9.2% bump, and nearly as much as Iridium's 20.7% gain!

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Rocket Lab will pay $8 billion in cash and stock to acquire the original satellite phone company, Iridium, and expand its business beyond mainly space launch and satellite construction to include Internet of Things (IoT), aviation, maritime, and Position, Navigation, and Timing (PNT) services.

Viasat isn't involved in the merger -- except that it kind of is.

As a communications satellite company, Viasat competes directly with Iridium, and also with the Starlink network at SpaceX (NASDA

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/why-viasat-stock-went-moon-152411379.html)