The aerospace firm will sell up to $1.944B in common stock through two underwriters under a new equity distribution pact.
Rocket Lab (RKLB) has entered an equity distribution agreement allowing it to sell up to $1.944B of common stock over time. The sales will be facilitated by Deutsche Bank Securities and Wells Fargo Securities, according to a prospectus supplement filing.
The $1.944B offering matches the company’s market capitalization as of recent trading sessions. The move follows a period of expansion in the commercial space sector, with firms seeking capital to fund satellite launches and technology development.
No immediate market reaction was disclosed in the filing.