Satellite manufacturer Terran Orbital is “looking at everything” regarding the company’s future, CEO Marc Bell told CNBC, as it considers Lockheed Martin’s acquisition offer. “We found out about [Lockheed’s takeover bid] when the rest of the world found out about it,” Bell said on CNBC’s “Manifest Space” podcast. Lockheed’s proposal submitted last week values Terran … Read more
Terran Orbital has updated its anticipated financial results for the years-end after the company received a long-awaited payment from its largest customer, Rivada Space Networks. The news, announced today, confirms earlier reports from TechCrunch that Terran CEO Marc Bell was expecting at least some payment from Rivada before the close of the year. Rivada, a … Read more
Terran Orbital may be close to receiving a major payment from its biggest customer, CEO Marc Bell announced internally at a company-wide meeting earlier this month. Rivada Space Networks is in the final stages of closing funding to help fund a mega-constellation to be built by Terran at a cost of $2.4 billion, revenues that … Read more
Terran Orbital CEO Marc Bell told employees Monday the company is not looking for a buyer in an effort to quash a report that it was seeking bids by the end of the month, according to sources who spoke to TechCrunch. Bell’s comments came during an all-hands meeting with staff, following a Wall Street Journal article … Read more