Rocket Lab Discloses Pro Forma Financials for $7.6B Iridium Acquisition
RKLB has more than doubled off its 52-week low of $37.57.
Summary
Rocket Lab filed pro forma financials for its $7.6B Iridium acquisition, revealing combined H1 2026 revenue of $878.7M, a net loss of $154.7M, and a $3.6B bridge loan at ~8% interest.
Key Events · M&A and Partnerships · RKLB
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Pro Forma Financials Revealed
Combined H1 2026 revenue of $878.7M and net loss of $154.7M; FY2025 revenue of $1.47B and net loss of $203.0M.
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Bridge Financing Terms
$3.6B 364-day senior secured bridge loan at approximately 8.0% effective interest rate, with $25.66M issuance costs.
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Purchase Price Allocation
Total estimated consideration of $7.59B: $2.86B cash, $2.86B stock (41.26M shares at $69.33 VWAP), $93.8M equity awards, and $1.77B debt payoff.
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Goodwill and Intangibles
Goodwill of $2.20B and intangible assets of $4.33B, including $3.32B for spectrum.
Analysis · RKLB · Manufacturing
Investors now have their first detailed look at the financial impact of Rocket Lab's $7.6 billion acquisition of Iridium Communications, thanks to the pro forma financials in this 425 filing. The combined entity would have generated $878.7 million in revenue for the first half of 2026, yet it would have posted a net loss of $154.7 million. Financing the deal is a $3.6 billion bridge loan at roughly 8% interest, which adds significant leverage. The purchase price allocation reveals $2.2 billion in goodwill and $4.3 billion in intangible assets, including $3.3 billion for spectrum. These details clarify the transformative acquisition's financial footprint.
At the time of this filing, RKLB was trading at $80.37 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $48.6B. The 52-week trading range was $37.57 to $151.00. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.