Rocket Lab raises $1.9 billion to acquire Iridium with sufficient funds in place

Trader @ nft_hu expressed optimism about Rocket Lab's fundamentals, with Q2 revenue reaching $234 million and backlog orders reaching $2.36 billion. Electron completed its 96th mission on September 19th. Rocket Lab's $8 billion funding for the acquisition of Iridium has been largely secured, and a $1.9 billion ATM financing was completed on September 15th. The trader pointed out that the window for the first flight of medium-sized rockets within the year is narrowing.