Olson Eric T sold $405K of IRDM

Rocket Lab (RKLB) reported Q2 2026 revenue of $234M, up 62% YoY, with space systems revenue at $189.5M. The company's backlog reached $2.36B, with $1.1B expected within 12 months. Analysts project 2026 revenue of ~$970M, potentially topping $1.5B in 2027 without Iridium. Rocket Lab plans to acquire Iridium for $8B, expected to close in mid-2027. Shares have a Strong Buy consensus with an avg. target of $110.13.

Rocket Lab (RKLB) shares rose 6% after the FCC accepted its license-transfer applications for acquiring Iridium Communications (IRDM), opening a public-comment period. Iridium's stock barely moved, up 0.2%. The ARK Space Exploration & Innovation ETF (ARKX) gained 2%, outpacing the S&P 500 ETF (SPY). SpaceX has asked the FCC to examine Iridium's conduct toward rival satellite operators.

Rocket Lab has fully funded its $8 billion acquisition of Iridium, a satellite operator. The deal, announced in June, will close in mid-2027. The company raised $1.94 billion in a new stock offering and restructured borrowing. Rocket Lab shares rose 4% on the news.

Rocket Lab (RKLB) completed financing for its Iridium acquisition, raising $1.944B via a share offering. It also launched its 16th Electron mission this year. Analyst Brian Gesuale initiated coverage with an Outperform rating and $80 price target. The Iridium deal is expected to close in mid-2027, pending approvals. RKLB shares were trading at $63.76, up 0.33%.

Rocket Lab completed a $1.944B ATM equity offering, issuing 29.3M shares to fund its $8B pending acquisition of Iridium Communications, expected to close in mid-2027. The company amended Iridium's term loan and canceled a $3.6B bridge facility. Proceeds will be used for the acquisition or future growth if the deal does not close.

Rocket Lab has secured $1.944 billion from a share sale to fund its acquisition of Iridium, terminating a $3.6 billion bridge facility. The company amended Iridium's credit agreement, retaining a $1.775 billion term loan. Rocket Lab expects to complete the acquisition in mid-2027, using proceeds for the deal and future growth.