
Rocket Lab (NasdaqGS: RKLB) completed a US$1.94b equity offering to fund its planned acquisition of Iridium Communications. The company plans to cancel a previously arranged bridge loan, replacing that short term debt financing with new share capital. Management aims to combine Iridium's recurring satellite communications revenue with Rocket Lab's existing launch and space systems operations. The fully funded Iridium equity deal and bridge loan cancellation change Rocket Lab's balance sheet...











