Rivada to pay satellite maker Terran Orbital $180 million this year
Marc Bell, the chief executive at Terran, told analysts the satellite maker had no worries about Rivada’s funding having completed its due diligence on the matter
Declan Ganley’s Rivada Networks is set pay about $180 million (€166.3 million) to satellite manufacturer Terran Orbital in the second half of this year, analysts have been told.
Rivada has contracted Terran to build 300 satellites for its planned telecommunications constellation, which will host a global broadband network to rival Elon Musk’s Starlink and Amazon’s Kuiper systems.
In April, Rivada began talks to raise several billion dollars in debt and equity to fund the construction ...
