Terran Orbital
A leading manufacturer of small satellites, providing end-to-end satellite solutions including design, production, launch planning, and mission operations.
- CEO / Founder
- Peter Krauss
- Team Size
- 501-1000
- Stage
- Acquired
- Total Funding
- $255M (pre-acquisition)
- Latest Round
- Acquisition by Lockheed Martin ($450M) - August 2024
- Key Investors
- Lockheed Martin (acquiring entity and investor), Beach Point Capital, Goldman Sachs, AE Industrial Partners, AeLION Group, Day One Ventures
Technology & Products
Key Products
Terran Orbital specializes in the design, production, and operation of small satellites and satellite components. Their portfolio includes end-to-end satellite solutions for various missions, including Earth observation, communications, and national security.
Technological Advantage
The use of advanced manufacturing allows for faster production and lower costs compared to traditional methods. The acquisition by Lockheed Martin provides significant capital, resources, and access to large-scale government contracts.
Differentiation
Value Proposition
Delivering cost-effective and high-performance small satellites with accelerated production timelines through advanced manufacturing, including 3D printing and automation.
How They Differentiate
Terran Orbital differentiates itself by focusing on the manufacturing of small satellites at scale, leveraging advanced manufacturing techniques like 3D printing and automation for cost-effectiveness and accelerated production. Their strategic relationship with Lockheed Martin provides a significant advantage in securing defense and government contracts. They also emphasize speed and customization in their solutions.
Market & Competition
Target Customers
Government agencies (defense and intelligence), commercial satellite operators, and aerospace prime contractors.
Industry Verticals
["Aerospace","Defense","Intelligence","Commercial"]
Competitors
Aerospacelab, Surrey Satellite Technology, German Orbital Systems, Blue Canyon Technologies (Raytheon Technologies), Millennium Space Systems (Boeing).
Growth & Milestones
Growth Metrics
Secured a $2.4 billion contract with Rivada Space Networks to build 300 satellites. Acquired by Lockheed Martin in a deal valued at $450 million.
Major Milestones
["2013: Company founded.","2023: Secured a $2.4 billion contract with Rivada Space Networks.","2024: Acquired by Lockheed Martin for $450 million."]
Notable Customers
Lockheed Martin, U.S. Space Force, NASA.