Rocket Lab Secures $1.9 Billion to Fund Iridium Acquisition

Rocket Lab Corporation has fully financed its pending acquisition of Iridium Communications Inc., a deal expected to close in mid-2027 subject to regulatory approvals. The company secured the necessary capital by completing an At-The-Market equity offering, raising approximately $1.944 billion through the issuance of 29.3 million shares.

As part of the financial arrangement, Iridium Communications amended its $1.775 billion term loan facility to permit the change of control. Rocket Lab USA, the primary operating subsidiary of Rocket Lab Corporation, will provide an unsecured guarantee for this loan once the acquisition closes.

These developments allowed Rocket Lab to terminate a $3.6 billion senior secured debt bridge facility it had established in June 2026. By replacing the bridge loan with equity and guaranteed debt, the company has effectively de-risked the capital structure for the transaction.