"Rivada Settles Invoices, Boosts Terran Orbital's Year-End Cash to $70M"
Terran Orbital has received a past-due payment from Rivada Space Networks for the construction of 300 satellites, with the exact amount undisclosed but contributing to a year-end cash balance of over $70 million. Despite a challenging stock performance and a potential strategic review, the company expects to continue receiving milestone payments and to meet its delivery obligations for the satellite project. Terran Orbital's financial stability is emphasized, with no immediate need to raise additional capital, while the company's stock has seen a recent uptick in value.