What's Going On With AMD Stock Wednesday?
AMD stock gains almost 4%. Discover key MACD momentum shifts, $530 resistance level, and Benzinga Edge ratings.
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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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Rocket Lab Raises Funds To Prepare For Closing Of Iridium Acquisition
Rocket Lab completed a $1.94 billion equity offering and amended its credit facility to secure financing for its acquisition of Iridium Communications. The deal, expected to close in mid-2027, will combine Rocket Lab's launch and satellite capabilities with Iridium's global satellite network. Rocket Lab canceled a $3.6 billion bridge loan following these funding milestones. The acquisition represents a transformational step toward becoming a fully integrated space operator.