Terran Orbital (LLAP) Quickly Loses 18% On the First Day of Trading on NYSE

American satellite maker Terran Orbital starts trading its shares public on NYSE under the ticker symbol of “LLAP”. Unfortunately, it declines 18% in hours although the company has achieved recently new milestones in making efficient and effective satellites for commercial and military purposes.

  • The Ukrainian Defense ministry recognizes Terban Orbital for supporting its military in providing clear aerial images of the enemy.
  • Over the past year, the company has added more than 300 employees and plans to create more jobs.
  • Within a year Terran Orbital has acquired over 190,000 square feet of land for its engineering and production facility. Moreover, it has roughly 60,000 sq feet of office.
  • The U.S. Space Development Agency (SDA) has selected Terran Orbital to build 40 satellites and 1o more as additional orders for its space program.
  • In 2021 the company had made more than $40 million in revenue.
  • From $68 million in revenue backlog as of September 30, 2021, to today’s over $200 million.

Investors are still not paying thorough attention to Terran Orbital for its recent achievements. Perhaps next week they may start buying LLAP shares endlessly.

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