RKLB News
5 R40 articles on Rocket Lab Corporation (RKLB). Latest, Sep 22, 2026: Rocket Lab Terminated Its $3.6bn Bridge and Paid for Iridium With 4.90% Dilution.
R40 Coverage
Rocket Lab Terminated Its $3.6bn Bridge and Paid for Iridium With 4.90% Dilution.
The $3.6bn bridge we priced at $285.7m a year terminated on 15 September. Rocket Lab's equity programme closed at 29.3m shares, 4.90% dilution.
Peter Beck's $350 Million Napkin Has to Beat Thales, Not SpaceX
Peter Beck says Rocket Lab could have built Iridium's constellation for $350m. Launch was 17% of that $3bn programme; the satellites alone cost $2.3bn.
Raymond James Sees $300m of Iridium Cash Flow at Rocket Lab. The Debt That Buys It Costs $285.7m a Year.
Raymond James initiated Rocket Lab at $80, crediting about $300m of Iridium free cash flow. The $3.6bn bridge that buys it costs $285.7m a year.
Rocket Lab Values Iridium's Spectrum at $3.32B—More Than the Entire Constellation.
Rocket Lab's merger filing marks Iridium's spectrum at $3.32B — 43.7% of the price, 1.72x the constellation, and more than Iridium's pre-leak market value.
Rocket Lab Is Buying $884 Million of Iridium Revenue at 9x Sales. Its Own Enterprise Value Sits at 58x.
Rocket Lab is paying 9.0x sales for Iridium — revenue 115% of its own — with stock valued at 57.6x. The collar moves the mix only between 4.0% and 6.6%.
August 2026
Iridium Deal Clears Antitrust; S-4 and FCC Applications Filed
The Hart-Scott-Rodino waiting period expired on 12 August, the Form S-4 was filed, and Rocket Lab and Iridium applied to the FCC to transfer Iridium's licences. Rocket Lab also opened a $1.94bn equity distribution agreement to start replacing the $3.6bn bridge.
Q2 2026: Record $234m Revenue, Record $2.36bn Backlog
Revenue up 62% YoY and $34m above the prior record quarter; backlog up 137% YoY. Q3 guided to $250-265m with GAAP gross margin of 29-31% and Neutron targeted to reach the launch pad in Q4 2026.
July 2026
Beck on CNBC: Iridium Is the Entry Point Into Space Applications
The CEO framed the acquisition as buying spectrum and an operating network rather than competing head-on with Starlink, targeting emergency, defence and safety-of-life services.
June 2026
Rocket Lab to Acquire Iridium for $54.00 a Share
Cash-and-stock deal at $27.00 cash plus stock on a collared exchange ratio banded $67.50 to $112.50, implying about $8.0bn of enterprise value and backed by a $3.6bn bridge facility. Expected to close mid-2027.
May 2026
Best Day Ever: Shares Up 34% on a Q1 Beat and a Record Launch Deal
Rocket Lab posted its largest single-day gain after beating on revenue and signing a record launch agreement.