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

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 …

Rocket Lab (RKLB) Stock Jumps 4% as $1.9 Billion Raise Clears Path for Iridium Takeover

TLDR Rocket Lab completed a $1.944 billion at-the-market equity offering, issuing 29.3 million shares to finance its Iridium acquisition. The proceeds, combined with Iridium’s existing term loans and available cash, are enough to cover the full cash consideration and related costs. Iridium amended...