M&A
confidence high
sentiment positive
materiality 0.75
Rocket Lab fully funds Iridium acquisition with $1.94B ATM, terminates bridge
Rocket Lab Corp
- Raised ~$1.944B gross via ATM program, selling 29.3M shares, completing equity funding for Iridium acquisition.
- Iridium amended its $1.775B credit facility to carve out change of control; Rocket Lab USA to provide unsecured guarantee.
- Terminated $3.6B senior secured bridge facility on Sept 15, 2026 after securing permanent financing.
- Iridium acquisition expected to close mid-2027, pending regulatory approvals.