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

Agneta Johansen

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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