10-Q
Quarterly report
✓ VerifiedRocket Lab reported $234.1 million in Q2 revenue, up approximately 62%, and agreed to acquire Iridium for $54 per share, an enterprise value of approximately $8.0 billion, with a $3.6 billion committed bridge facility.
Filed Aug 10, 2026 · 16:18 ET
Summary
- Total revenue was $234.1 million for the three months ended June 30, 2026 versus $144.5 million a year earlier, a year-on-year increase of approximately 62%, driven by space systems revenue growth of $91.6 million.
- On June 28, 2026, Rocket Lab agreed to acquire all outstanding shares of Iridium for $54 per share in cash and stock, representing an enterprise value of approximately $8.0 billion, with closing expected in 2027.
- The company obtained a 364-day senior secured bridge term loan facility in an aggregate principal amount of $3.6 billion from Deutsche Bank AG New York Branch and Wells Fargo Bank to fund the Cash Consideration.
- As of June 30, 2026, Rocket Lab had $2.1 billion of cash and cash equivalents and $258.1 million of marketable securities.
- Backlog increased from $1,847.3 million at December 31, 2025 to $2,355.9 million at June 30, 2026, split $1,415.8 million space systems and $940.2 million launch services.
- Rocket Lab signed two U.S. Space Force agreements in July 2026 with total potential values of $266 million for 12 suborbital missile-defense launches and $397 million for Flatellite satellites.
Key facts
- Q2 revenue
- $234.1 million
From the filing for Q2 revenue
“We generated $234.1 million and $144.5 million in revenue for the three months ended June 30, 2026 and 2025, respectively, representing a year-on-year increase in revenue of approximately 62%.”
- Iridium price per share
- $54 per share
From the filing for Iridium price per share
“we entered into a definitive agreement to acquire all outstanding shares of Iridium for $54 per share in a cash and stock transaction. This represents an enterprise value of approximately $8.0 billion.”
- Bridge facility
- $3.6 billion
From the filing for Bridge facility
“a 364-day senior secured bridge term loan facility in an aggregate principal amount of $3.6 billion”
- Cash and equivalents
- $2.1 billion
From the filing for Cash and equivalents
“As of June 30, 2026, we had $2.1 billion of cash and cash equivalents and $258.1 million of marketable securities.”
- Backlog
- $2,355.9 million
From the filing for Backlog
“Backlog increased from $1,847.3 million as of December 31, 2025 to $2,355.9 million as of June 30, 2026, of which $1,415.8 million is related to space systems and $940.2 million is related to launch services.”
- Space Force suborbital contract
- $266 million
From the filing for Space Force suborbital contract
“to execute 12 suborbital launches supporting missile defense programs, with options for up to six additional launches. The contract has a total potential value of $266 million.”
- Space Force Flatellite contract
- $397 million
From the filing for Space Force Flatellite contract
“the Space-Based Airborne Moving Target Indicator program. The contract has a total potential value of $397 million, including options.”
- Six-month net loss
- $94.3 million
From the filing for Six-month net loss
“net cash used in operating activities of $134.4 million consisted of $94.3 million in net loss”
Why it mattersThe filing discloses Rocket Lab's agreement to buy Iridium at an enterprise value of about $8.0 billion, backed by a $3.6 billion bridge facility, alongside 62% revenue growth and new Space Force launch and satellite contracts.
- Filed
- Aug 10, 2026
- Accepted
- 2026-08-10 20:18Z
- Period
- Jun 30, 2026
- Accession no.
- 0001819994-26-000062
- Size
- 9.9 MB
- Index
- Filing index