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Tuesday, May 28, 2024
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INNOVATION: MARC BELL

CHAIRMAN, CEO, TERRAN ORBITAL, IRVINE

Heads small-satellite making business based in Florida and with substantial operations in OC. Company, one of OC’s fastest-growing tech firms, designs and builds satellites that range from about 25 pounds and the size of a boot box to mini fridges that weigh from around 200 to over 800 pounds. Company counts a mix of government, commercial and defense clients, providing a suite of satellite solutions to our customers in the U.S. and across the globe.

THEN: “In our history, we have launched dozens of our own satellites, including over a half dozen in 2021,” officials told the Business Journal at start of the year.

NOW: Terran recently took over four floors at the 400 Spectrum Center tower and announced plans to develop a new $300M commercial spacecraft facility in Florida in partnership with Space Florida, Florida’s aerospace and spaceport development authority. Officials expect to have between 400 and 500 employees working at the Irvine Spectrum tower office, focusing on engineering, design and development work for small satellites. Tyvak has also added significantly more manufacturing space in Irvine Spectrum area this year.

FUTURE: Terran went public earlier this year (NYSE: LLAP) and aims to deliver more than 1,000 satellites per year as prices come down and both defense and commercial uses grow.

IN THEIR WORDS: Of the growing demand for small satellites, there’s no issue with overcrowding, officials say. “Space is big. There’s plenty of room.”

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