Rocket Lab Rises 3% on Iridium Deal Optimism; SpaceX and AST SpaceMobile Slip 1%

Rocket Lab Raises Funds To Prepare For Closing Of Iridium Acquisition

The rocket launch and satellite specialist just reached an important milestone in its historic acquisition.

Rocket Lab Rises 3% on Iridium Deal Optimism; SpaceX and AST SpaceMobile Slip 1%

Rocket Lab Corporation (NASDAQ:RKLB) stock is rising 3% to $64.14 in Tuesday morning trading as investors respond to progress on the company’s planned acquisition of Iridium Communications. Rocket Lab completed a $1.944 billion at-the-market equity offering, giving Rocket Lab enough financing to cover the cash portion of the roughly $8 billion transaction and related costs. […]

Rocket Lab (NASDAQ: RKLB) Completes $1.94B Stock Offering To Fully Fund $8B Iridium (NASDAQ: IRDM) Acquisition

Rocket Lab (NASDAQ: RKLB) has secured full financing for its planned $8 billion acquisition of Iridium Communications (NASDAQ: IRDM), eliminating a significant funding overhang that had weighed on the deal. The company completed a $1.94 billion at-the-market stock offering, selling approximately 29.3 million shares to equity investors in the open market. Combined with available cash […]

Rocket Lab Fully Funds Iridium Acquisition, Including Completion of $1.94 Billion ATM

Iridium Acquisition Now Fully Financed: Rocket Lab completes the $1.944 billion At-The-Market (ATM) equity offering, securing the required cash consideration (alongside available liquidity) to fully fund its pending acquisition of Iridium Communications - expected to close in mid-2027, pending regulatory…

Rocket Lab (RKLB) Stock Surges 4% Following $1.9B Equity Raise for Iridium Deal

Rocket Lab (RKLB) stock jumped 4% after securing $1.944B in equity financing and eliminating its $3.6B bridge loan for the Iridium acquisition.

Rocket Lab Sells Shares For $1.94B, Scraps $3.6B Bridge for Iridium Deal

Rocket Lab has completed a $1.944 billion at-the-market equity raise for its pending Iridium Communications acquisition, issuing about 29.3 million new shares and eliminating the $3.6 billion bridge loan commitment that originally backstopped the cash portion of the deal. The share sale puts part of the acquisition’s financing burden onto Rocket Lab shareholders before the […] The post Rocket Lab Sells Shares For $1.94B, Scraps $3.6B Bridge for …