This rocket stock is testing a key level once again. Why Todd Gordon thinks it's a buy

Rocket Lab stock is in lift-off mode, surging about 20% the company announced Monday it is acquiring Iridium Communications for roughly $8 billion. What grabbed my attention wasn't just the size of the deal. It's that the acquiring company rallied this hard on this smaller size deal, which almost never happens. The market is telling this changes the story, especially so closely after the SpaceX IPO. I'll walk you through why this isn't the "Starlink killer" headline so many want to write about. I hold a 2% weighting in our Tactical Alpha Growth portfolio and, as I'll discuss below, I'm looking to add to my position. First, let's kill the lazy comparison. SpaceX's Starlink is a broadband business: 25-200 megabits of high-speed internet anywhere on earth, the kind that streams video and runs Zoom calls, beamed over Ka-band to those big flat panel dishes that don't love heavy rain and storms. It has more than 10 million subscribers. Iridium is a completely different animal. It's low-bandwidth, mission-critical communication; voice, texts, emergency SOS and machine-to-machine "internet of things "data. It runs on L-band, a lower, weaker frequency with one magic property: the signal punches through clouds, foliage, mountains and the kind of weather that knocks Starlink offline. That's why Iridium is the standard for maritime distress calls, military tactical comms and expedition teams in the middle of nowhere. These two companies aren't fighting over the same customer. …