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...

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