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Business/Financial

Terran Orbital Receives Rivada Payment, Ends Year with $70 Million In Cash

By Cal Biesecker

Tuesday, January 2nd, 2024

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Terran Orbital Receives Rivada Payment, Ends Year with $70 Million In Cash

Terran Orbital's new satellite manufacturing space in Irvine, Calif. Photo: Terran Orbital

Satellite developer and manufacturer Terran Orbital [LLAP] said it received a long-awaited payment from Rivada Space Networks and expects additional milestone payments from the company this year. Terran also said it ended 2023 with more than $70 million in cash and cash equivalents, highlighting a stronger cash position than it had at the end of last September when it reported $38.7 million of cash on its balance sheet. “We are entering 2024 with a strong financial foundation that we believe…

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