Our most recent press appearances
Tailwind Two Acquisition Corp and Terran Orbital Corporation jointly announced that they have entered into a definitive business combination agreement. Upon the closing of the transaction, the combined will operate as Terran Orbital Corporation, with plans to list on the NYSE under the symbol LLAP. The pro forma total enterprise value of the combined companies is approximately $1.58 billion. The transaction is expected to close in the first quarter of 2022.
An example of positive disruption is the miniaturization of satellites. Satellites used to be enormous, and cost billions of dollars to manufacture and launch, making it the exclusive domain of countries. Today, it is significantly more cost effective to manufacture and launch satellites, enabling well-capitalized private companies to enter the space and generate significantly more breakthroughs than we would’ve otherwise seen, having left it all up to governments. That’s positive disruption.
For a long time, American space exploration was a closed circle: There was just one customer, the U.S. government (NASA) and a handful of giant defense contractors. Then in 2008 Elon Musk’s SpaceX put the first privately financed rocket into orbit, Jeff Bezos’ Blue Origin promised private flights, and space was suddenly a lively market with companies vying to put satellites and humans into orbit.
Tyvak International, a Terran Orbital Corporation and leading Italian and European developer of nanosatellites, announced today that it has been named the Prime Contractor for the development of the “MILANI” Mission.