Rocket Lab Raises $1.94 Billion Through ATM Offering to Fund Iridium Acquisition

06:45 AM EDT, 09/15/2026 (MT Newswires) -- Rocket Lab (RKLB) said Tuesday that it has completed its at-the-market equity offering, raising $1.94 billion in gross proceeds through the sale of 29.3 million shares to help fund its pending acquisition of Iridium Communications (IRDM). Iridium has amended its existing $1.78 billion term loan facility to allow the acquisition and will receive an unsecured guarantee from Rocket Lab USA upon closing, Rocket Lab said. Rocket Lab said it has also terminated its $3.60 billion senior secured bridge facility. The acquisition is expected to close in mid-2027, it added.