Rocket Lab Sold $1.9 Billion of New Stock to Pay for Iridium. Here's the Dilution Math.

Key Points Rocket Lab raised $1.94 billion by selling about 29.3 million new shares at an average price of about $66 each. The completed stock sale let the company cancel the $3.6 billion bridge loan backing its pending acquisition of Iridium. Iridium shareholders will also receive Rocket Lab stock when the deal closes, expected in mid-2027. These 10 stocks could mint the next wave of millionaires › Rocket Lab (NASDAQ:RKLB) said on Sept. 15 that its pending acquisition of satellite operator Iridium Communications (NASDAQ:IRDM) is fully funded. The space company completed a $1.94 billion at-the-market stock sale (about 29.3 million new shares). And it terminated the $3.6 billion bridge loan it had lined up in late June to backstop the deal.