TechCrunch

Terran Orbital receives key payment from Rivada Space, adjusts year-end cash balance

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.