Morgan Stanley Reiterates Rocket Lab Rating on Iridium Deal — Not a Catalyst

Morgan Stanley on 8 July reaffirmed its Overweight rating on Rocket Lab after the company announced a deal with Iridium, the low-Earth-orbit satellite operator. The reiteration—rather than an upgrade or price-target increase—signals the contract falls within Morgan Stanley's existing model, not beyond it. The bank's more consequential call was its January upgrade to Overweight; reiterations tied to news tend to have shorter price impact than rating changes.