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Terran Orbital does not expect to need to raise additional funds to scale up its business with incoming cash from Rivada.
Terran Orbital completed a systems requirements review for Rivada in July, marking the first step of a design phase valued at $460,000,000 of the contract.
Terran Orbital’s manufacturing contract with Rivada is valued at $2,400,000,000 with an option to purchase an additional 300 satellites for the LEO network.
Rivada Space will provide Terran Orbital with $180,000,000 2023 as Terran prepares to build 300 satellites for the venture.
Rivada has not launched any satellites so far and its contracts with Terran Orbital and SpaceX do not call for launches to start until 2025.
U.S. technology firm Rivada acquired spectrum rights from KLEO’s majority Chinese shareholders and plans to use the allocated frequencies for its own constellation.
Rivada’s OuterNET architecture combines inter-satellite laser links with advanced onboard data routers to create an optical mesh network in space.
Rivada is launching a global low-latency point-to-point connectivity network of 600 LEO satellites called the OuterNET.
Rivada’s OuterNET is designed to provide pole-to-pole reach and serve government services, enterprise, telecom, maritime, and energy markets.
Rivada Space Networks has placed a contract with Terran Orbital to build 600 Ka-band communications satellites.
IEC Telecom will use Rivada’s OuterNET to provide enhanced ICT infrastructure for the maritime environment and to expand digitalization at sea.
Rivada has manufacturing and launch contracts in place to complete its constellations and launch 600 satellites by 2028 within the ITU timeframe.
Rivada’s OuterNET is designed to offer pole-to-pole reach with end-to-end latencies similar to or better than terrestrial fiber.
IEC Telecom will use Rivada’s OuterNET to provide enhanced ICT infrastructure for the maritime environment to further expand digitalization at sea.
The ITU Radio Regulations Board determined that Rivada can proceed to deployment milestones of placing 144 satellites plus 6 in-orbit spares by June 2026 and an additional 144 satellites plus 6 in-orbit spares by September 2026.
Rivada has manufacturing and launch contracts in place to complete the constellations and launch 600 satellites by 2028 within the timeframe allowed by the ITU.
The ITU waiver exempted Rivada from the requirement to place the first 10% of its planned satellite constellation into orbit by September 2023.
The ITU regulatory finding enables Rivada to launch satellite constellations beginning in 2026.
Rivada Space Networks received a waiver from the International Telecommunication Union (ITU) after a regulatory review completed by 2023-07-05.
Terran Orbital issued a press release from Boca Raton, Florida on 2023-07-06 congratulating its customer Rivada Space Networks on receiving the ITU waiver.