Rocket Lab Fully Finances Its Iridium Deal — Here's What Else Happened This Week

Rocket Lab Corporation (NASDAQ: RKLB) successfully launched its 16th Electron mission of the year on September 11, deploying an Earth observation satellite. The company also announced it has fully financed its pending acquisition of Iridium Communications, raising approximately $1.944 billion through an At-The-Market share offering. Additionally, Iridium amended its $1.775 billion term loan facility, and Rocket Lab terminated a $3.6 billion senior secured bridge facility related to the acquisition, which is expected to close in mid-2027 pending regulatory approvals. As of the latest update, Rocket Lab shares are trading at $63.76, up 0.33%.