Rocket Lab completes $1.94B share sale to fund Iridium acquisition

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Go back to Rocket Lab completes $1.94B share sale to fund Iridium acquisition

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

September 15, 2026 6:00 AM EDT

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 approvals.
Cost-Effective Debt Structure Secured: Iridium amends its existing $1.775 billion credit facility to permit the change of control, establishing long-term, cost-effective permanent financing backed by Iridiums strong free cash flow and a parent guarantee from Rocket Lab USA.... More