Rocket Lab's stock jumped 3% following the completion of a $1.944 billion equity offering to finance its $8 billion acquisition of Iridium Communications. This financing move removes a major uncertainty by replacing a previous bridge loan commitment and amending Iridium's term loan. The acquisition aims to create a vertically integrated space company by adding Iridium's satellite communications business, which could diversify Rocket Lab's revenue and strengthen its market position. However, shareholders face dilution risks due to the new shares issued, and the deal still requires regulatory approval with an expected closing in mid-2027.
As of Sep 15, 2026 21:22 WIB, Rocket Lab (RKLB) trades at USD 63.95, up 2.24% but still far below its 52-week high of USD 150.23. In contrast, SpaceX (SPCX) and AST SpaceMobile (ASTS) are down 1.56% and 1.63% respectively, with SPCX at USD 145.81 and ASTS at USD 59.02, both also well below their 52-week highs of USD 202.09 and USD 133.09. This shows Rocket Lab's recent optimism on Pluang, despite its share price remaining closer to the lower end of its annual range.
Rocket Lab and AST SpaceMobile both reported Q2 2026 earnings, aiming to disrupt SpaceX in different ways. Rocket Lab posted $234 million in revenue, up 62%, with a $2.36 billion backlog and strong defense contracts, showing a diversified business mo...
Rocket Lab's stock has dropped recently despite a growing backlog and a major acquisition on the horizon. The company reported record Q2 revenue of $234 million, a 62% increase year-over-year, and a backlog of $2.36 billion. The upcoming Neutron rock...
