Designed and built by Terran Orbital, CAPSTONE will support NASA’s Artemis program in reducing the risk for future Lunar bound spacecraft while propelling space exploration for all humankind
IRVINE, Calif., May 10, 2022 (Terran Orbital PR) – Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States aerospace and defense industry, today announced it has shipped its CAPSTONE satellite to a launch site on the Mahia Peninsula of New Zealand. CAPSTONE will launch on a Rocket Lab Electron rocket using a Lunar Photon satellite upper stage to send the spacecraft on its planned lunar transfer trajectory. This historic pathfinding mission supports NASA’s Artemis program which includes landing the first woman and first person of color on the Moon.
BOCA RATON, Fla., March 28, 2022 – Terran Orbital Corporation (NYSE: LLAP) (“Terran Orbital” or the “Company”), a leading small satellite manufacturer primarily serving the United States aerospace and defense industry, announced that its common stock and warrants will begin trading on the New York Stock Exchange today, March 28, 2022, under the ticker symbols “LLAP” and “LLAP WS”, respectively.
Terran Orbital has made significant progress over recent months as it prepared to emerge as a public company. Some of the Company’s recent accomplishments include:
WESTMINSTER, Colo., February 14, 2022 (Advanced Space PR) — Advanced Space LLC., a leading space tech company, is pleased to announce a partnership with Mike Beavin, an accomplished executive in government relations in the aerospace industry. Crafting communications on “the Hill” and within the Administration takes particular expertise. With over twenty years of experience in space policy and advocating for the space industry in Washington, D.C., Mr. Beavin will apply his expertise to elevate the space exploration, technology development, and vast array of work of the Advanced Space team.
Mike Beavin serves as the Principal of IKYR, LLC. He will be based in D.C. to manage Advanced Space legislative affairs and government relations. . His background with legislative and key policymakers includes Congress, the White House, the National Aeronautics and Space Administration, the Department of Transportation, the Department of Commerce, the Department of State, the Department of Defense, and the Federal Communications Commission.
Mission will be the first to future Artemis Operation Orbit
WESTMINSTER, Colo., Feb. 18, 2022 (Advanced Space PR) — Advanced Space LLC., a leading commercial space tech solutions company, had a successful test last week for CAPSTONE, a NASA-funded mission to the Moon. Advanced Space owns and operates the CAPSTONE mission, a trailblazing pathfinder for the Gateway. The Gateway, a lunar orbiting outpost, will support NASA’s Artemis missions that will establish a long-term human presence at the Moon. CAPSTONE is the Cislunar Autonomous Positioning System Technology Operations and Navigation Experiment. It will help reduce risk for future spacecraft by validating innovative technologies and verifying the dynamics of the Earth-Moon halo orbit where the Gateway will operate.
WESTMINSTER, Colo., Feb. 11, 2022 (Advanced Space PR) — Advanced Space LLC., a leading space solutions company, has entered into a Cooperative Research And Development Agreement (CRADA) with the U.S. Air Force Research Laboratory (AFRL), Space Vehicles Directorate, and the Spacecraft Technology Division to share data collected from cislunar space through the CAPSTONE mission.
Rocket Lab among companies selected to provide launch services for the agency’s Venture-Class Acquisition of Dedicated and Rideshare (VADR) missions, providing new opportunities for science and technology payloads and fostering a growing U.S. commercial launch market.
Long Beach, California. January 27, 2022 (Rockety Lab PR) – Rocket Lab USA, Inc. (“Rocket Lab” or the “Company”) (Nasdaq: RKLB), a leading launch provider and space systems company, has today announced that it has been selected by NASA as one of twelve companies to provide launch services for the agency’s Venture-Class Acquisition of Dedicated and Rideshare (VADR) missions, providing new opportunities for science and technology payloads and fostering a growing U.S. commercial launch market. VADR is a five-year program with a maximum total budget of $300 million in launch contracts.
Revenue above high end of prior guidance range at $5.3 million
Backlog increased from $141 million at June 30, 2021 to $183 million as of September 30, 2021, and currently stands at $237 million as of November 15, 2021
Space Systems revenue in the third quarter 2021 grew 360% over the same quarterly period in 2020 to represent 27% of total revenue for the nine months ended September 30, 2021
Successfully completed the merger with Vector Acquisition Corporation resulting in ending cash balance at September 30, 2021 of $792.7 million
Q4 2021 Guidance
Revenue to range between $23 million to $25 million
GAAP and non-GAAP gross margins of 13 percent and 27 percent, respectively
GAAP and non-GAAP operating expenses between $24 million to $26 million, and $19 million to $21 million, respectively
GAAP Net Loss between $24 million and $26 million, and Adjusted EBITDA loss of $9 million to $11 million, which reflects adjustments for stock-based compensation, 3rd party fees associated with M&A activity, depreciation and amortization, FX gains and losses, interest expense, taxes and other recurring and non-recurring items
All of the above exclude any warrant expense impacts from the public and private warrants assumed from the Vector Acquisition Corporation merger that closed on August 25, 2021, and also excludes any impacts from the Advance Solutions Inc. acquisition and related purchase price accounting, and excludes any financial contributions and accounting impacts from the pending Planetary Systems Corporation acquisition announced today
LONG BEACH, Calif. (Rocket Lab PR) — Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today announced financial results for its fiscal third quarter ended September 30, 2021.
LONG BEACH, Calif., August 6, 2021 (Rocket Lab PR) – Rocket Lab, the leading launch and space systems company, today announced it will launch the CAPSTONE mission to the Moon from Launch Complex 1 in New Zealand from Q4 2021. It will be Rocket Lab’s first launch to the Moon. CAPSTONE (the Cislunar Autonomous Positioning System Technology Operations and Navigation Experiment) aids NASA’s Artemis program, which includes landing the first woman and the first person of color on the Moon and establishing a long-term presence there.
MOFFETT FIELD, Calif. (NASA PR) — Small spacecraft will play a big role in lunar exploration, including a Moon-bound CubeSat launching later this year.
The Cislunar Autonomous Positioning System Technology Operations and Navigation Experiment, or CAPSTONE, mission team is making the final preparations for the spacecraft that will make CubeSat history over a series of technological and operational firsts for the small platform.
MOFFETT FIELD, Calif. (NASA PR) — In 2021, NASA’s Cislunar Autonomous Positioning System Technology Operations and Navigation Experiment, or CAPSTONE, CubeSat will launch to a never-before-used cislunar orbit near the Moon.
The mission will deploy a range of satellites for commercial and government customers, as well as place a next-generation Photon spacecraft in orbit to build heritage for Rocket Lab’s upcoming mission to the Moon for NASA
LONG BEACH, Calif. (Rocket Lab PR) — Rocket Lab, a leading launch provider and space systems company, has today announced its next mission will deploy a range of satellites for commercial and government satellite operators, and place a next-generation Photon spacecraft in orbit to build spacecraft heritage ahead of Rocket Lab’s mission to the Moon for NASA in Q3 this year.
The CAPSTONE mission will see Rocket Lab extend its reach far beyond Earth orbit for the first time to deploy an in-house designed and built Photon spacecraft to the Moon.
Long Beach, Calif. (Rocket Lab PR) – Rocket Lab has reached a key milestone ahead of the company’s first launch to the Moon, with spacecraft qualification underway for the Photon spacecraft that will transport a NASA satellite into a unique lunar orbit that no other spacecraft has explored before.
LONG BEACH, Calif., September 1, 2020 (Rocket Lab PR) – Rocket Lab, a space systems company and global leader in dedicated small satellite launch, has been granted a five-year Launch Operator License by the Federal Aviation Administration (FAA) for Electron missions from Rocket Lab Launch Complex 2.