Personal Finance

Satellite Manufacturer Terran Orbital Seeks a Buyer

Satellite maker Terran Orbital is looking to sell itself about a year and a half after it went public, according to people involved in the process.

Terran is seeking bids by the end of the month and has attracted interest from potential strategic and financial buyers in the U.S. and Europe, according to those involved.

Its market value has fallen to around $180 million from a peak of $1 billion last year, and Terran faces possible delisting as its stock price has languished below $1.

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