Boca Raton-based satellite builder Terran Orbital is looking to issue additional shares in the company worth a maximum total of $98 million (€90.3m). Terran is limited as to what it can raise by issuing new shares. Terran Orbital has Lockheed Martin (LM) as a major shareholder. LM and certain other shareholders have undertakings from Orbital […]
SpaceRISE is the name of the consortium that’s supposed to part-fund the European Union’s planned low Earth orbiting mega-constellation, called IRIS2 (Infrastructure for Resilience, Interconnectivity and Security by Satellite). There are widespread reports that the project is on its last legs. There are normally reliable sources saying that Airbus Space and Thales Alenia Space, two […]
Rivada Space Networks has secured a major slice of the cash needed to build and launch its mega-constellation of an initial 300 satellites. German newspaper Handelsblatt reports that Rivada has collected €10 billion in pre-order commitments from 113 “potential customers”. The report adds that it has also attracted investment cash from 70 investors including a […]
Rivada Space Networks, which is looking to launch a 600 craft ultra-secure mega-constellation called OuterNet, has signed a number of partners for its service which is scheduled to have global coverage by 2026. The partners, announced in Singapore at AsiaTechX and a Satellite Industry Forum at the show, include: · KT Sat – Korea · […]
Terran Orbital has released its Q1 numbers, and reported that it has received a major order from Lockheed Martin for “18 space vehicles for the US Space Development Agency” – taking its Q2 portfolio of orders received to beyond $100 million. However, there has been no interim payment during the quarter-year from its major client, […]
Aerospace giant Lockheed Martin (LM), already a major shareholder in satellite builder Terran Orbital, has abandoned its contested bid to take control of the company. LM had offered around $500 million (€465.4m) for the shares – at $1 per share – it did not already own, but in a SEC filing made after the markets […]
Declan Ganley, CEO of Rivada Space, visited Terran Orbital’s brand-new production site at Irvine, California on April 17th and held a Town Hall meeting of the two companies’ staff. The visit was far from routine and was a clear indication of Rivada’s importance to Terran’s financial future. Ganley was inspecting what will be the main […]
Terran Orbital, which has a very healthy order book for smaller satellites (including 300 for Rivada Networks), is again “compliant” as far as the New York Stock Exchange (NYSE) is concerned. It means that its shares have been traded at above $1 per share since late-February. NYSE rules state that shares priced below $1 cannot […]
Rivada Space Networks is in the process of building the first batch of 300 low Earth orbiting satellites. Terran Orbital is building the satellites for Rivada, and there is an option for a further 300 satellites. But there are anxieties over how the fleet is being paid for. Rivada’s obligations are considerable: They are contracted […]
UK telecoms regulator Ofcom has granted Munich-based Rivada Space Networks a licence for a non-geostationary earth station network. The licence covers Rivada’s planned Low Earth orbiting satellite network, which Rivada calls its ‘Outer Net’ system. Ofcom said: “Rivada is proposing to provide government communications, maritime and aviation connectivity, enterprise networking, and backhaul services for telecommunications […]