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Rocket Lab completes $1.944 billion at-the-market equity offering to fund Iridium Communications acquisition.
PUBLIC · RKLBSep 19, 2026•about 3 hours ago
Amount Raised
$1.94 Billion
Round Type
Post-IPO Equity
DetroitManufacturingFinancial ServicesMedia And EntertainmentMobileScience And EngineeringPrivacy And SecuritySecurityAnalyticsAerospaceSatellite CommunicationAviation & AerospaceOnline Media
Description
Rocket Lab completed an at-the-market equity program raising $1.944 billion through the sale of 29.3 million shares. The proceeds fully fund the cash component of the company's planned acquisition of satellite network operator Iridium Communications. The transaction is targeted for completion in mid-2027. Rocket Lab is simultaneously advancing its vertical integration strategy, including manufacturing high-performance space solar cells with significant efficiency improvements.
Company Information
Company
Rocket Lab
Location
1 Campus Martius
Detroit, Michigan, United States
About
Rocket Lab is a private aerospace manufacturer and small satellite launch service provider. They specialize in delivering small payloads to low Earth orbit with their Electron rocket. The company focuses on providing innovative launch solutions for small satellites. Rocket Lab aims to democratize access to space.
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DetroitManufacturingFinancial ServicesMedia And EntertainmentMobileScience And EngineeringPrivacy And SecuritySecurityAnalyticsAerospaceSatellite CommunicationAviation & AerospaceOnline Media