Diligence memo · auto-generated · as of July 2, 2026
TERRAN ORBITAL Corp
TERRAN ORBITAL Corp looks under-valued against its niche peers and is at-risk on financing cadence.
Businessfiled
TERRAN ORBITAL Corp operates in Space / Aerospace, based in IRVINE.
Sub-sector tags: space/aerospace.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
TERRAN ORBITAL Corp has raised $45M in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $36M on 2018-07-23.
Most recent recorded round closed around 2022-07-05.
Valuation (modeled)modeled
Provath models TERRAN ORBITAL Corp at approximately $12M (range $2.0M–$31M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.08× the median modeled value of Series B Space / Aerospace companies in 2022–2024 (7 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 21 months.
Last raise 4.0 yr ago; this sector typically re-raises about every 12 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
The last round was 34.7× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 93% of Space / Aerospace peers (133 compared).
Modeled value ranks above 64% of those peers.
Closest niche peers: Aero Aggregates of North America LLC, West Star Aviation Holdings, LLC, Beyond Aero Inc., Venus Aerospace Corp., Slingshot Aerospace, Inc..
Peoplefiled
24 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.