Rocket Lab (RKLB) closed at $73.95 on September 25, 2026, following Iridium shareholders’ 99.6% approval of the $54-per-share acquisition expected to close in mid-2027 and fully funded via a completed $1.94 billion ATM equity offering. Recent Electron mission successes, including the 97th launch on September 25 delivering a Synspective satellite, reinforced operational momentum and the company’s record backlog exceeding $2.3 billion. Institutional buying by ARK Invest and defense contract wins have supported sentiment, yet the equity raise introduced dilution concerns and elevated valuation metrics relative to revenue growth projections. Traders are monitoring execution on Neutron development and any follow-on M&A or launch cadence updates for the week ahead.