ARK Stock Commentary: LUNR & IRDM

[!warning] Conflict of Interest ARK Invest is an active fund manager. These are stocks in ARK's own portfolios -- they are explaining moves in positions they hold. Read as promotional context, not independent analysis.

Movers (Week of Mar 30 - Apr 2, 2026)

• LUNR (+18%): Intuitive Machines traded up amid a broad space stock rally following the successful Artemis II launch -- a key milestone in NASA's return-to-Moon program. Intuitive Machines is a vertically integrated space prime that designs, manufactures, and operates missions from Earth orbit to the Moon and beyond. In 2024, became the first commercial company to land and operate on the lunar surface.
• IRDM (+15%): Iridium Communications rallied after the Financial Times reported Amazon is in talks to acquire Globalstar (~$9B satellite telecom group) to compete with Starlink. Iridium management has highlighted the strategic value of its L-band spectrum amid ongoing satellite M&A, leaving open future partnership possibilities. Provides voice/data communications globally to businesses and government agencies.

RDCO Relevance

The Amazon/Globalstar acquisition signal and Artemis II catalyzing space stocks are useful market context. Satellite spectrum M&A activity (Iridium's L-band positioning) reflects consolidation in the space communications sector. Both moves are event-driven rather than fundamental -- treat accordingly.