PETER KRAUSS
CEO
TERRAN ORBITAL CORP.
WHY: Leads Terran Orbital Corp., a maker of small satellites acquired by its largest shareholder, Lockheed Martin.
IN THE NEWS: Terran moved its headquarters to Irvine from Florida, installed a new leadership team and is moving full speed ahead on making more than 100 spacecraft for the U.S. military’s Space Development Agency.
NOTABLE: Took over in October 2024 after defense giant Lockheed Martin acquired the company in a $450M deal following a period of turbulence that included the beginnings of a shareholder revolt against Terran’s leadership at the time. Lockheed had already owned almost a third of the company. Industry website TechCrunch said Lockheed bought Terran Orbital “to save it from going under.”
QUOTABLE: “We’re excited to be back out in front of the market. It’s definitely a competitive landscape.”
