ROCKET LAB (RKLB) Completes $1.94 Billion ATM, Fully Funding Iridium Deal
Rocket Lab raised about $1.944 billion by issuing 29.3 million shares, amended Iridium's term loan and cancelled a $3.6 billion bridge facility.
Rocket Lab (RKLB) said on September 15, 2026 that it has fully financed its pending acquisition of Iridium Communications, completing an at-the-market share sale that raised roughly $1.944 billion in gross proceeds through the issuance of 29.3 million shares, before commissions and offering expenses. Together with existing liquidity and Iridium's own term debt, the company says it now has enough cash to pay the required consideration at closing, which is targeted for mid-2027 subject to regulatory approvals.
