Mergers & Acquisitions ·
Rocket Lab Corporation announced on September 15, 2026, that it has fully financed its pending acquisition of Iridium…
RKLBRocket Lab Corp
Rocket Lab Corporation announced on September 15, 2026, that it has fully financed its pending acquisition of Iridium Communications Inc., which is expected to close in mid-2027 subject to regulatory approvals. The company completed an At-The-Market equity offering, raising approximately $1.944 billion in gross proceeds from the sale of 29.3 million shares. Concurrently, Rocket Lab terminated its previously announced $3.6 billion senior secured bridge debt facility. To facilitate the transaction, Iridium amended its existing $1.775 billion credit agreement to provide lender consent for the merger and carve out the acquisition from Change of Control definitions, while Rocket Lab USA will provide a parent guarantee for the term loans upon closing. These actions secure permanent financing backed by Iridium's cash flow and eliminate bridge debt risk ahead of the anticipated close. Rocket Lab operates in the aerospace industry, providing launch services, satellites, and spacecraft components.