Terran Orbital is downplaying a $2.4 billion order from startup Rivada Space.
Credit: Terran Orbital
The story Terran Orbital has been selling to investors for years is: “Yes, we are losing money, but revenue is growing quickly, and it is only a matter of time before we become profitable.” That story broke down in the first quarter of 2024, when the satellite bus manufacturer saw its revenue drop...
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