Rivada says investor interest in its broadband constellation is high, but provides few details on financing status

by Peter B. de Selding

WASHINGTON — Rivada Space Networks, one of the biggest mysteries in the satellite sector for the past year, declined to lift the veil on its financing but insisted that demand for its future 600-satellite broadband constellation was soaring.

For those who have written off Rivada as a mirage, Chief Executive Declan Ganley’s March 20 comments here were more of the same: affirmations without concrete proof that the company can finance its $2.4-billion contract with Terran Orbital to build the first 300 satellites of the network.

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