Closing Bell: Rocket Lab Soars, Super Micro Sinks, Verizon Falls
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Closing Bell: Rocket Lab Soars, Super Micro Sinks, Verizon Falls
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Griefeld, Carol Massar and Tim Stenovec
- Rocket Lab (RKLB) shares are up 16% after the space company announced a definitive agreement to acquire Iridium for $54 per share in cash and stock. The transaction combines Rocket Lab’s launch capabilities and satellite manufacturing with Iridium’s global satellite communications network.
- Super Micro Computer (SMCI) shares took a nose dive Monday afternoon after Bloomberg reported that Taiwanese authorities raided the company’s local offices. The raid was part of a widening probe into alleged diversion of Nvidia AI chips to China, adding fresh regulatory overhang to a stock that has already been whipsawed by enforcement headlines this year
- Verizon Communications (VZ) recorded an estimated loss in the range of $700 million to $800 million in the second quarter of 2026 in connection with classifying net assets of its international wireline connectivity business as held for sale.
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