Marc Bell

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 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 Orbital at nearly $600 million, or about a third of its equity valuation from when the company went public via a special purpose acquisition company, or SPAC, two years ago. The defense…

Terran Orbital has updated its anticipated financial results for the year’s 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 German subsidiary of U.S.-based Rivada Networks, has ambitious plans to build a megaconstellation in low Earth orbit. The company contracted Terran to build 300…

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 currently make up the vast majority of Terran’s backlog. While Terran is pursuing other lucrative contracts that could comprise billions in work, its $2.4 billion contract with Rivada is by far…

Rivada Space wants to build a constellation of 600 satellites. Illustration: Terran OrbitalSatellite manufacturer Terran Orbital has beenawarded a hefty contract by Rivada Space Networks to build 288 low Earth orbit satellites, and 12 spare satellites, for its communications constellation. Terran Orbital announced the deal this week, which makes it the main contractor for satellite communication company Rivada. “Our partnership will show why Terran Orbital continues to be a satellite manufacturer of choice for…