Rocket Lab USA is trading at $71.74 (+11.06%) as $1.944 billion in equity financing for its pending Iridium acquisition reduces bridge-loan uncertainty.

  • Rocket Lab USA’s successful 96th Electron launch on September 19 and accelerating launch cadence reinforced sentiment.
  • Cantor Fitzgerald reiterated its Overweight rating and $122 price target. The modestly positive market backdrop was supportive, but reporting points primarily to company-specific execution and acquisition-financing optimism.