$8 billion Iridium acquisition funding essentially in place, Rocket Lab completes $1.9 billion ATM financing

Odaily News: Trader @nft_hu posted on X platform that their reasons for buying RKLB include continued bullishness on fundamentals, a price pullback to an appropriate level, and the completion of ATM financing. Rocket Lab's Q2 revenue hit a record $234 million, up 62% year-over-year; backlog reached $2.36 billion. Electron completed its 96th mission on September 19, also its 17th mission this year. The trader also stated that Rocket Lab's funding for the $8 billion Iridium acquisition is essentially secured, and on September 15 it completed ATM financing, raising approximately $1.9 billion. The risks mentioned include the narrowing first-flight window for its medium-lift rocket this year.