A few weeks ago Terran Orbital was facing calls to fire the CEO and replace members of its Board of Directors. Terran is now suing former CTO Austin Williams and alleging his involvement in the attempted coup. Terran’s lawsuit, made on November 13th and a year after Williams left the company, alleges that Williams failed […]
Satellite builder Terran Orbital reported that its revenues for 2023 would be almost half original expectations because key client Rivada Space Networks has yet to make an agreed milestone payment. The original expectation for 2023 was for $250 million (€230.3m) in revenue. Now Terran says it will be “in excess” of $130 million, some 48 […]
Terran Orbital held a virtual Town Hall meeting for shareholders on October 26th in an attempt to quell dissent amongst certain shareholders. The event provided some key news, not all of it positive, but its share price recovered a little to 84 cents (€0.80). Last week, the share were trading at about 64 cents. Marc […]
Satellite builder Terran Orbital has won a modest $4.7 million (€4.5m) contract from the European Space Agency (ESA) for an “in-orbit servicing mission”. The news is extremely timely as Terran is holding a Town Hall virtual meeting today (October 26th) for shareholders, some of whom have expressed displeasure with the CEO and Board of Directors […]
Terran Orbital is holding its Town Hall meeting on October 26th but management will be strengthened by a new 36-craft order from Lockheed Martin (LM) for Terran’s satellite buses, the main structural component of a satellite. LM is a shareholder in Terran. The order comes because of LM contract with the US Space Development Agency […]
Satellite builder Terran Orbital, facing demands from some shareholders to fire the CEO and also being forced to restructure the company’s shares, is to hold a Town Hall meeting for shareholders. The virtual event is intended to be “transparent and accessible” and with “shareholders our top priority” said the company’s announcement. It is scheduled for […]
Last week some investors in Terran Orbital complained about the satellite company’s strategy. They called for the replacement of the company’s CEO and that a strategic review be implemented. Now, Terran’s independent directors have responded, and expressed confidence in the existing directors. Not helping is news from the New York Stock Exchange that Terran’s shares […]
Terran Orbital, which is busy building 600 satellites for Rivada Networks amongst others, and is handling something of an investor revolt, is also facing a major challenge from the New York Stock Exchange (NYSE). Under NYSE rules any share that falls below $1 in value can be de-listed. On October 20th the Exchange formally warned […]
Rivada Space Networks, based in Munich, has been facing something of a challenge lately from China and the threat from what are described as “hostile” interests over the frequencies formerly used by Kleo Connect and which Rivada is lawfully using for its mega-constellation of a total 600 satellites. Rivada has an order with Terran Orbital […]
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. […]