Terran Orbital's Financial Outlook Improves with Payment from Rivada Space Networks

The satellite manufacturer adjusts year-end cash balance to over $70 million following receipt of long-awaited payment, boosting investor confidence.

Terran Orbital received a long-awaited payment from its largest customer, Rivada Space Networks, making Rivada up-to-date on all outstanding invoices.
The payment led Terran Orbital to adjust its anticipated year-end cash balance from $38.7 million to over $70 million.
Rivada Space Networks contracted Terran Orbital to build 300 satellites at a total anticipated cost of $2.4 billion.
Terran Orbital expects to receive additional incremental payments this year and is on track to deliver satellites in 2025 and 2026.
The news of the payment resulted in a slight increase in Terran Orbital's stock price.