Rocket Lab Secures Funding for Iridium Buyout
Rocket Lab completes a $1.94B stock offering to buy Iridium, cancels a $3.6B loan facility, and retains Iridium’s debt structure.
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Why It Matters
Rocket Lab raised money by selling stock to buy Iridium Communications. This shows they found a way to pay for the big deal and are moving forward with their plan.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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