# Rocket Lab sold $1.5bn of new shares in six months — at about $29, then $70, then $131 a share — and has a $3.6bn bridge loan commitment for Iridium

![Rocket Lab sold $1.5bn of new shares in six months — at about $29, then $70, then $131 a share — and has a $3.6bn bridge loan commitment for Iridium](https://aiswingx.com/static/covers/rklb-2026q2_cover.jpg?v=1790011504)

**Q2 2026 10-Q: revenue $234m (+62%), net loss $49m, operating cash flow −$50m. ATM sales of 8.15m shares for $1.07bn in Q2 alone; cash $2.13bn. Iridium merger agreement signed June 28 ($27.00 cash plus 0.24–0.40 shares per Iridium share), 364-day bridge loan of $3.6bn committed. Backlog $2.36bn**

Rocket Lab (RKLB) reported revenue of $234,066k for the second quarter of 2026, up 62% from a year earlier, and a net loss of $49,258k. The statement of stockholders' equity in the 10-Q filed on August 10 shows, quarter by quarter, how many new shares the company sold into the market and at what price. Note 1 records the Iridium Communications merger agreement signed on June 28 and a $3.6bn bridge loan commitment.

- 종목: RKLB (Rocket Lab)
- 분기: 2026Q2 · 10-Q
- 작성: 2026-09-21 17:25 UTC
- 원문: https://aiswingx.com/p/rklb-2026q2

## 숫자 하나
ATM share sales (net of issuance costs): Q2 2025 10.28m shares for $297.0m (about $29 a share) → Q1 2026 6.36m shares for $444.9m (about $70) → Q2 2026 8.15m shares for $1,067.8m (about $131). First half 2026: 14.51m shares, $1,512.8m. Cash at June 30 $2.13bn. Bridge loan commitment $3.6bn.

## 비유 하나
(구독자 전용)

## 출처 하나
Rocket Lab Form 10-Q for Q2 2026 (as of June 30, 2026): statement of operations, cash-flow statement, statement of stockholders' equity (ATM rows), Note 1 'Iridium Merger Agreement, Bridge Loan', business-combination note (Mynaric, Motiv), 'Backlog', convertible notes, MD&A liquidity

## 다음 분기에 볼 것
(구독자 전용)

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## What happened

Rocket Lab (RKLB) launches the small Electron rocket and builds satellites and components; it is traded as a space stock.

Its Q2 2026 quarterly report (10-Q) shows revenue of **$234,066k**, up 62% from $144,498k a year earlier, and gross profit of $84,576k. The operating loss was $57,514k and the net loss **$49,258k** ($66,414k a year earlier). Operating cash flow for the first half was −$134,407k.

The 'ATM Equity Offering' rows of the statement of stockholders' equity read, by quarter: Q2 2025 **10.28m shares for $296,960k** (about $29 a share); Q1 2026 **6.36m shares for $444,922k** (about $70); Q2 2026 **8.15m shares for $1,067,832k** (about $131). The price fetched by a share sold the same way rose 4.5 times in a year, and in the first half of 2026 alone **$1,512.8m** came in net of issuance costs. Cash at June 30 was **$2.13bn**.

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(End of free preview. What the numbers mean, why it matters, company context, the next-quarter checklist and the arithmetic are available to subscribers — https://aiswingx.com/pricing)

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## FAQ

**Q. Is selling new shares a bad thing?**

It is a normal way for a loss-making company to fund growth, and selling when the share price is rising raises more money for the same number of shares — at the cost of diluting existing holders. This article reports the shares, proceeds and price per share by quarter and where the money is going; the criteria for judging it are in the subscriber section.

**Q. What is the total value of the Iridium acquisition?**

The 10-Q gives the per-share consideration ($27.00 in cash plus 0.24–0.40 Rocket Lab shares) and the $3.6bn bridge loan commitment, but not a total deal value. Closing is subject to Iridium shareholder approval, antitrust, FCC and foreign-investment clearances and an effective S-4, and is expected in 2027.

**Q. Why is interest income so large for a loss-making company?**

The $2.1bn of cash raised produced $16.5m of interest income in Q2. Other income of $13.6m offset part of the $57.5m operating loss, leaving a pre-tax loss of $43.9m.

**Q. Where can I verify these numbers?**

On SEC EDGAR: Rocket Lab's Q2 2026 Form 10-Q (accession 0001819994-26-000062), the 'ATM Equity Offering' rows of the statement of stockholders' equity, Note 1 (Iridium merger agreement), the business-combination note, backlog, and the cash-flow statement.