Rocket Lab shares traded higher in Friday premarket trading after Iridium Communications shareholders approved Rocket Lab's proposed acquisition on Thursday. The companies continue to target a mid-2027 closing. Under the agreement, Iridium shareholders will receive $27 in cash plus Rocket Lab common shares, with the exchange ratio subject to a collar; the transaction has a notional value of $54 per Iridium share. The deal remains subject to regulatory approvals and other customary closing conditions. Rocket Lab fully financed the pending acquisition last week through a $1.944 billion gross at-the-market equity offering that issued 29.3 million shares, secured lender consent to retain Iridium's existing term loan and canceled a planned $3.6 billion bridge facility. Rocket Lab plans to use net proceeds for cash payments tied to the acquisition. Its shares were up 1.36% at $74.61 in Friday premarket trading, according to Benzinga Pro data. Technical indicators show a near-term rebound but a recovering longer-term trend, with resistance near $87 and support around $61. Analysts have a Buy consensus rating and an average price forecast of $110.14. Rocket Lab also has a Momentum score of 82.23 on the Benzinga Edge scorecard and significant exposure in three space- and technology-focused ETFs.