Rivada Space Networks is a space technology company building a low-Earth orbit (LEO) satellite constellation called the "Outernet". This constellation of 600 satellites aims to provide a secure, low-latency, point-to-point data network for enterprise and government clients, utilizing inter-satellite laser links and advanced onboard processing. Rivada's "Outernet" offers services to telecom, enterprise, maritime, energy, and government sectors, with key partners including Vodafone Cook Islands, Colt Technology Services, KT SAT, and Amentum. The company plans to begin deployment in 2025, offering global coverage by 2026.
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Rivada Space Networks positions the Outernet as suitable for providing 0.005 kg satellite backhaul connectivity to expand cellular operator networks.
Rivada Space Networks’ Outernet is a global low-latency point-to-point network planned to consist of 600 LEO satellites.
KT SAT, Korea’s national satellite communications provider, will deploy Rivada’s Outernet to provide ultra-secure connectivity to enterprise, government, and maritime companies.
NiAT is experiencing increased demand for high-bandwidth connectivity from its customer base and intends to use Rivada’s Outernet to provide enterprise-grade secure bandwidth with high availability and guaranteed service-level agreements for premium customers.
Terran Orbital planned to complete a preliminary design review of the satellite design for Rivada Space Networks by the end of the current quarter.
Rivada Space Networks awarded Terran Orbital a $2,400,000,000 contract in 2023 for 300 satellites.
Through the end of 2023, Terran Orbital had recognized $6,900,000 in revenue from the Rivada Space Networks contract.
Terran Orbital has a large contract with Rivada Space Networks but has not begun substantial work on it and it is unclear whether Terran Orbital received the $180,000,000 down payment it expected by the end of 2023 on the $2,400,000,000 project.
Terran Orbital recognized $6,900,000 in revenue from the Rivada Space Networks contract as of the end of 2023.
Rivada Space Networks awarded Terran Orbital a $2,400,000,000 contract in February 2023 to build 300 satellites for a broadband constellation.
Mark Rigolle previously served as chief financial officer for SES and CEO of O3b Networks before Rivada Space Networks.
The $2,400,000,000 Rivada Space Networks contract accounts for nearly 90% of Terran Orbital’s backlog.
Terran Orbital stated in January 2024 that Rivada Space Networks had paid all its outstanding invoices related to their contract.
Terran Orbital recognized $6,900,000 in revenue from the Rivada contract in 2023.
Terran Orbital has a $2,400,000,000 contract with Rivada Space Networks to produce 300 satellites.
Terran Orbital is under contract to provide the 300 satellites Rivada must deploy by mid-2026 to comply with its spectrum regulatory license.
On 2024-01-02, Terran Orbital indicated that Rivada had paid all outstanding invoices.
Rivada Space, a German subsidiary of U.S.-based Rivada Networks, has Memorandum of Understanding agreements with potential customers worth more than $7,000,000,000 that it is beginning to convert into firm contracts.
Rivada Space is seeking government customers for a network of up to 600 broadband satellites equipped with optical communications links to avoid the need for terrestrial relay stations.
Terran Orbital’s $2,400,000,000 contract to build 500-kilogram satellites makes Rivada its biggest customer.