Terran Orbital Surprises With Stock Sale; Shares Plummet

small-satellite duo Linuss

Terran Orbital built the buses for Lockheed Martin’s small-satellite duo Linuss.

Credit: Lockheed Martin
Terran Orbital surprised investors Sept. 19 with the announcement of a new sale of company stock and warrants, raising $32.5 million gross before costs, with the proceeds to go for general corporate purposes. The startup, which is aligned with Lockheed Martin and making small satellites for Rivada...
Michael Bruno

Based in Washington, Michael Bruno is Aviation Week Network’s Executive Editor for Business. He oversees coverage of aviation, aerospace and defense businesses, supply chains and related issues.

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