Trust Size
$189M
Current Price
$0.25
Price Journey
What Happened
Terran Orbital was a satellite manufacturer that designed and built small satellites for commercial, civil, and national security customers. The company went public via SPAC merger with Tailwind Two Acquisition Corp in 2022. Lockheed Martin acquired the company for $450 million in 2024.
Tailwind Two Acquisition Corp merged with Terran Orbital in March 2022. The satellite manufacturer won significant government contracts but faced severe liquidity issues. On the brink of bankruptcy, Terran Orbital accepted a $450 million acquisition offer from Lockheed Martin (which was already a minority shareholder and major customer) at just $0.25/share in 2024.
Timeline
2021-02-25
S-1 Registration Filed
2024-10-04
Merger Proxy Filed (DEFM14A)
2025-02-13
Last SEC Filing
SEC Filing Details
CIK Number
1835512
Total SEC Filings
538
State of Incorporation
DE
Last Filing Date
2025-02-13
Business Location
New York, NY
Trust/Asset Size
$189M
Data sourced from SEC EDGAR Company Facts API and EFTS search index.
📄 SEC Filings
View all EDGAR filings for Terran Orbital