Rocket Lab Raises Funds To Prepare For Closing Of Iridium Acquisition

Rocket Lab completed a $1.94 billion equity offering and amended its credit facility to secure financing for its acquisition of Iridium Communications. The deal, expected to close in mid-2027, will combine Rocket Lab's launch and satellite capabilities with Iridium's global satellite network. Rocket Lab canceled a $3.6 billion bridge loan following these funding milestones. The acquisition represents a transformational step toward becoming a fully integrated space operator.