Terran Orbital is busy building satellites including 600 for Rivada Networks, but a group of investors are concerned about the company’s depressed share price and demanding that the CEO Marc Bell be replaced – and the current role of CEO and Chairman be divided. The investors also want an urgent strategic review of the business. […]
Last week Rivada revealed it is using Terran Orbital to build its 600 satellites. SpaceX will then launch the constellation into orbit beginning in 2025. But one problem that’s not entirely solved is Rivada’s financing. While it has made some significant and key pre-payments to Terran, it is not yet clear where the initial cash […]
Satellite builder Terran Orbital, flushed with the success after successfully seeing 10 of its satellites launched by SpaceX on September 2nd for the US Space Development Agency, is raising more cash. Terran Orbital, based in Boca Raton Florida, is to sell 23.2 million shares at $1.40 a share. The offering will close on September 21st. […]
Satellite manufacturer Terran Orbital has mounted a fascinating offer to the industry, saying that customers can order one of its satellite cores (called a ‘bus’) for delivery within 30 days. Clients can opt for a complete satellite – and from a wide range of options – with a 60-day delivery promise. Terran calls its service […]
Terran Orbital is building an initial 300 satellite (288 craft plus 12 spares) mega-constellation for Rivada Space. However, Rivada is on an extremely tight launch schedule in order to comply with International Telecommunications Union (ITU) obligations. Terran has outlined its delivery plans for the next few years as far as the first batch of satellites […]
Satellite builder Terran Orbital now has contracts in hand to produce more than 370 satellites. Recent orders from the likes of Rivada Space Networks has pushed its contracted backlog to $2.6 billion (€2.38bn) – a 1,400 per cent increase since December 31st 2022 Terran’s Q2 numbers (to June 30th) show that revenues grew for Q2 […]
Terran Orbital has signed a Memorandum of Understanding (MoU) with rocket builder Safran to supply Terran’s electric satellite propulsion systems for Safran’s US customers. The MoU was signed at the recent Paris Air Show. The agreement covers what the pair describe is to “study and validate the prerequisites for production of a new generation of […]
Terran Orbital has hired Tony Gingiss as its COO. Gingiss has a 30-year history of work within the aerospace industry including more than two decades with Boeing Satellite. Other positions include CEO at Airbus OneWeb Satellites and finally as COO at Virgin Orbit. Gingiss was CEO at Airbus OneWeb Satellites (AOS), the joint-venture between Airbus […]
Terran Orbital has entered into a definitive sale of 29,000,000 shares of the Company’s common stock at a price of $1.28 per share. The warrants linked to the sale have an exercise price of $1.43 per share, will be exercisable commencing six months following issuance, and will have a term of exercise equal to five […]