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Terran Orbital, a small satellite manufacturer and mission solutions provider, was acquired by Lockheed Martin to expand its space capabilities.
ACQUIREDTerran Orbital designs and manufactures small satellites for commercial, civil and government customers. Lockheed Martin completed its acquisition in October 2024, and it now operates as a Lockheed Martin subsidiary headquartered in Irvine, California.
Terran Orbital designs and manufactures small satellites for commercial, civil and government customers. Lockheed Martin completed its acquisition in October 2024, and it now operates as a Lockheed Martin subsidiary headquartered in Irvine, California.
Not scored The Space Score is a 0 to 1000 snapshot of a space company's size and activity, relative to the other companies we track. It combines size (headcount, market value and revenue, 30%), U.S. federal space contracts (20%), equity raised (15%), momentum (15%) and, for launch companies, orbital launches (20%), so it leans heavily on size. It is descriptive: not a forecast, a rating or investment advice.
This company is not in the Space Score roster. Only company profiles with an active or pre-revenue status are scored.
Inputs measured 2026-10-14 (UTC) · methodology v6 · Who is scored, and why
Sources: Founded, Headquarters, CEO, Status, Parent, Legal name
For information only, not investment advice. SpaceNexus is not a registered investment adviser, broker or dealer, and nothing here is a recommendation to buy, sell or hold any security. Data may be delayed, estimated or incomplete; check the source before acting. Full disclaimer
3 private rounds on record. Debt, grants, state capital, owner funding and acquisitions are listed under Funding history by class and not added in.
Terran Orbital's most flown spacecraft platform, a 6U CubeSat-class bus with a tri-fold solar array (formerly called Trestles).
Contracts, suppliers, launches and schedule for each program, every fact sourced:
Checking for a discussion…
Compiled Oct 14, 2026 from 10 public records. Every figure links the record it comes from.
Space federal awards
11 awards, $39.8M obligated
Awards with activity since Oct 1, 2018, as searched Sep 24, 2026. Awarded Sep 28, 2012 to Aug 4, 2026; most from NASA (10 awards)
Counts awards the government's own product code or programme title marks as space work, or the space research industry code; the satellite-telecoms industry code counts only together with a space agency, office or a space word in the award's own description. Obligated dollars, not ceilings; umbrella contracts (IDVs) are left out because their orders are counted one by one. Amounts as USAspending reported them on Sep 24, 2026.
Source: USAspending.gov recipient profile (all awards, not only space)
Latest award Aug 4, 2026
Latest space award
$472K from NASA
DEVELOP T0435 FLEET FOR THE ATMOSPHERE LINKING COMMERCIAL OBSERVATIONS W/NASA(FALCON)-LIDAR MISSION CONCEPTS.
Source: USAspending.gov award record
Awarded Aug 4, 2026
Form D notices
2 offerings reported on Form D
Latest filed Aug 6, 2018; first sale Jul 23, 2018; 1 of them last updated by an amendment (D/A)
Each offering counts once: a later amendment (Form D/A) replaces its original. Form D names no round label and no investors. Filings for a merger or SPAC deal are left out.
Latest sourced round
Acquisition: $450.0M
Lead recorded as Lockheed Martin
Source: Lockheed Martin
Announced Aug 15, 2024
Sourced rounds on record
6 rounds, $599.2M disclosed
Every round has a disclosed amount
Published rounds with a source link only, on the same rules as the funding tracker. Each round links the source that states its figure; amounts in other currencies are converted to dollars at the rate shown on the funding tracker.
Satellites owned or operated
3 in orbit of 7 launched
Latest: LIDE
Payloads GCAT lists with this organisation as owner or operator. "In orbit" is GCAT status O. Counted under GCAT organisation codes TERRAN, TYVI. Catalogue updated Sep 24, 2026.
Satellites built
40 payloads launched, 30 in orbit
Latest: Centauri 9
Payloads GCAT lists with this organisation as manufacturer. Counted under GCAT organisation codes TERRAN, TYVI. Catalogue updated Sep 24, 2026.
Source: GCAT satellite catalogue
Latest launch Jul 7, 2026
National Aeronautics and Space Administration
10 space awards, $39.8M obligated
USAspending.gov award record, Aug 4, 2026
Fleet Space Technologies Pty Ltd
Owns 5 satellites it built (latest Centauri 9)
GCAT satellite catalogue, Jul 7, 2026
Space Development Agency
Owns 21 satellites it built (latest SDA-1664)
GCAT satellite catalogue, Oct 15, 2025
Satellite data from GCAT (J. McDowell, planet4589.org/space/gcat), CC BY 4.0.
APA
SpaceNexus. (2026, October 14). Terran Orbital: Company dossier [Data set]. Retrieved October 14, 2026, from https://spacenexus.us/company-profiles/terran-orbital
Chicago
SpaceNexus. "Terran Orbital: Company dossier." Data as of October 14, 2026. Accessed October 14, 2026. https://spacenexus.us/company-profiles/terran-orbital.
BibTeX
@misc{spacenexus_terranorbital_2026,
author = {{SpaceNexus}},
title = {{Terran Orbital}: Company dossier},
year = {2026},
month = oct,
howpublished = {\url{https://spacenexus.us/company-profiles/terran-orbital}},
url = {https://spacenexus.us/company-profiles/terran-orbital},
urldate = {2026-10-14},
note = {Data as of 2026-10-14; each fact links its primary source}
}Department of Defense
1 space award, $15K obligated
USAspending.gov award record, Jun 11, 2025
Italian Space Agency
Owns one satellite it built (latest Iperdrone.0)
GCAT satellite catalogue, Aug 16, 2024
NASA Ames Research Center, Moffett Field
Owns 6 satellites it built (latest PTD-R)
GCAT satellite catalogue, Aug 16, 2024
Owns 2 satellites it built (latest CICERO-2 OP15 FLT2)
GCAT satellite catalogue, May 25, 2022
Recorded as lead of Acquisition (Aug 15, 2024)
Lockheed Martin, Aug 15, 2024
AE Industrial Partners
Took part in SPAC Merger (Mar 25, 2022)
SEC EDGAR, Mar 25, 2022
Beach Point Capital
Took part in SPAC Merger (Mar 25, 2022)
SEC EDGAR, Mar 25, 2022
Daniel Staton
Took part in SPAC Merger (Mar 25, 2022)
SEC EDGAR, Mar 25, 2022
Fuel Venture Capital
Took part in SPAC Merger (Mar 25, 2022)
SEC EDGAR, Mar 25, 2022
Tailwind Two Acquisition Corp.
Recorded as lead of SPAC Merger (Mar 25, 2022)
SEC EDGAR, Mar 25, 2022