Uncertainty over Rivada’s ‘ability to pay’ for satellites influenced Terran Orbital sale
US manufacturer struck a $2.4bn deal last year to build the satellites for Rivada’s OuterNet project
Terran Orbital
Declan Ganley found to be in contempt of US court in ongoing legal dispute
Businessman had been ordered to turn over control of a number of companies and make monthly payments of $20,000 to investor David Shuman
Declan Ganley’s satellite builder changes hands
Terran Orbital’s latest accounts cut backlog from $2.7bn to $312.7m, citing primarily ‘the removal of the unpaid portion of the Rivada agreement’
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