Terran Orbital to IPO investors: Our DNA is defense/intelligence, which is 3x the size of commercial radarsat market

by Peter B. de Selding

PARIS — Merchant small-satellite builder and future SAR radar satellite constellation operator Terran Orbital is telling investors to expect that its forecasted 2021 revenue of $35 million will grow 27-fold by 2024 as its own constellation deploys and the company taps into the U.S. government market.

Terran expects to be trading on the New York Stock Exchange by early 2022 following a merger and IPO with Tailwind Two Acquisition Corp., which will provide gross proceeds of $345 million plus $50 million in investment from Terran . . .

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