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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Terran Orbital’s stock had not reached an average closing price of $1 since the 2023-10-20 NYSE notice as it awaited a large payment from prospective constellation operator Rivada Space.
Rivada’s OuterNET is a global, low-latency, point-to-point connectivity network of 600 LEO satellites that combines inter-satellite laser links with advanced onboard processing to create an optical mesh network in space.
Globalsat Group is partnering with Rivada Space Networks to provide access to a next-generation data network for customers in the energy, government, NGO, agriculture, utilities, and transportation sectors throughout the Americas and beyond.
Terran Orbital expects to reduce its 2023 revenue guidance to below its previously announced guidance of at least $250 million, primarily due to delays in payments from Rivada that affect the timing of revenue recognition.
Terran Orbital expects to receive more than $180,000,000 of customer payments from Rivada Space Networks and maintains near-daily engagement with Rivada Space Networks.
Rivada Space still expects to pay $180,000,000 later in 2023 under a $2,400,000,000 constellation contract with Terran Orbital.
Terran Orbital currently has more than 120 satellites under construction or recently launched, not including 300 satellites under contract for Rivada Space’s LEO broadband network.
Rivada Space has paid Terran Orbital more than $5,000,000 to launch the constellation program and has paid all amounts due to date.
Rivada Space does not expect issues meeting its regulatory commitments, including deploying 288 satellites by mid-2026.
The Rivada Space contract for 300 satellites to be delivered on SpaceX launches starting in 2025 represents the bulk of Terran Orbital’s backlog of future revenues.
Terran Orbital expects to receive $180,000,000 in the current year for early work to build satellites for Rivada Space as part of a $2,400,000,000 contract.
Rivada Space Networks plans to begin global service for OuterNET in 2026.
Rivada’s OuterNET is designed to provide pole-to-pole coverage.
Rivada’s OuterNET creates an optical mesh network in space enabling data to remain in space from origin to destination.
Rivada Space Networks plans its first satellite launch for 2025.
Artel LLC is partnering with Rivada Space Networks to provide a next-generation network to support U.S. Government communications.
Rivada Space Networks plans the first OuterNET satellite launch in 2025 with global service starting in 2026.
Artel LLC is partnering with Rivada Space Networks to provide a next-generation network to support U.S. government communications.
Rivada Space Networks is building a global low-latency point-to-point connectivity network called OuterNET consisting of 600 LEO satellites.
Artel LLC is partnering with Rivada Space Networks to provide a next-generation network to support U.S. Government communications.