Rocket Lab completes $1.94B ATM offering, fully funding Iridium acquisition

Rocket Lab completed a ~$1.94 billion at-the-market equity offering, fully financing the cash consideration for its Iridium acquisition and removing the need for a ~$3.6 billion bridge facility ahead of an expected 2027 close. The financing overhang was cited as a factor in recent share price weakness.

Detected & updated continuously · Source: Nebula