Rocket Lab Chalks Out New $1.94 Billion Capital Raise Plan to Fund Iridium Deal
Rocket Lab Corporation announced a $1.94 billion replacement at-the-market common stock program to support its proposed acquisition of Iridium Communications Inc. and optimize its capital structure.
Rocket Lab is raising about $2 billion by selling new company shares to pay for buying Iridium Communications, a satellite company. When a company raises money this way, watch if investors like the deal idea—it tells you if people think the two companies together will do well.
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