A group of Terran Orbital (NYSE: LLAP) shareholders, including three founders of the company’s main subsidiary, have sent a letter to Terran’s Board of Directors calling for the ouster of CEO and Chairman Marc Bell, and for a strategic review of the company’s direction, due to a 94 percent decline in the company’s stock price.

Welcome to S-SPACⁱ!  In this edition, Terran Orbital shares sank after the company sold shares and replaced its CFO, Rocket Lab’s booster and stock both fell to Earth, AST SpaceMobile made a cosmic phone call, Spire Global won two contracts, customers for Virgin Galactic next flight revealed themselves, Satellogic and Skyloom announced a laser communications partnership, Momentus signed a contract to deliver a payload in orbit, and Planet Labs’ CEO acquired a big chunk of shares as a joint satellite project with NASA advanced.

Welcome to S-SPACⁱ! In this week’s edition, Terran Orbital unveiled seven new satellite buses, Spire conducted a reverse stock split, Intuitive Machines raised $20 million, the former governor who brought Virgin Galactic to New Mexico passed away, and much more.

Terran Orbital (NYSE: LLAP) reported record revenue of $32.2 million in the second quarter and a backlog of orders for more than 370 satellites worth in excess of $2.6 billion. The company said the $2.4 billion, 300-satellite constellation it is building for Rivada Space Networks is on schedule, and that the customer is current on all payments.

Welcome to S-SPACⁱ. In this week’s edition, Momentus and BlackSky won contracts, Terran Orbital said CAPSTONE has completed its primary lunar mission, Redwire’s solar panels arrived at the space station, and BigBear.ai is working to improve hospital patient care in Colorado.

Welcome to S-SPACⁱ. In this edition, Terran Orbital’s stock is double downgraded, Virgin Galactic plans to issue more stock to key personnel, BlackSky will monitor U.S. coal power plant inventory, Intuitive Machines moves its landing site to the lunar south pole, Rocket Lab wins a launch contract, Planet Labs partnered to monitor biodiversity, Momentus will deliver a Lunasonde satellite to orbit, and Satixfy appointed an interim CEO.

Welcome to S-SPACⁱ. In this week’s edition, Momentus and Astra say there are serious doubts about their long-term survival, Terran Orbital and Redwire saw first-quarter revenue increases, Virgin Galactic has set a date for its next launch, and Virgin Orbit entered into a stalking horse agreement for the purchase of its Boeing 747 aircraft.

Terran Orbital (NYSE: LLAP) reported a 115 percent year-over-year increase in first-quarter revenue on Monday as the satellite manufacturer trimmed 24 percent off its net loss.

Welcome to S-SPACⁱ. In this week’s edition, Astra Space and Terran Orbital plan fund raises, Terran Orbital celebrates a successful mission, Satellogic’s reported higher revenue, the sale of bankrupt Virgin Orbit is approved, BlackSky spots a Chinese airship, Spire Global offers a new service to customers, Virgin Galactic shakes up its board, and Intuitive Machines will celebrate its moon mission with custom cigars.

Welcome to S-SPACⁱ. In this edition, Terran Orbital received a milestone payment for the Rivada satellite constellation, Intuitive Machines’ joint venture won a major contract, and AST SpaceMobile made an historic phone call. Plus, news about BlackSky and Rocket Lab.