Terran Orbital Corp

Terran Orbital Corporation, which traded on the NYSE under the ticker LLAP, is a satellite manufacturer and small-spacecraft services provider that entered public markets via a SPAC merger with Tailwind Two Acquisition Corp, a blank-check vehicle sponsored by Tailwind Capital that completed its IPO in 2021. Operating in the satellite manufacturing and aerospace sector, Terran Orbital builds small satellites and constellation infrastructure for government and commercial customers. The de-SPAC combination closed in early 2022. Following sustained financial pressure, strategic investor Lockheed Martin acquired Terran Orbital in 2024, taking the company private and retiring the LLAP ticker. Sign up on SpacDesk for full data and analytics on Terran Orbital and the broader SPAC market.