What Happened to Terran Orbital?
Return
0.0%
Current Price
$0.25
Peak Price
â
Trust Size
$189M
Summary
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.
What Happened
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