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Challenges in the Space Sector: A Financial Perspective
This chapter explores Lockheed Martin's acquisition of Terran Orbital, detailing the drastic price reduction from one dollar to 25 cents per share, indicative of the latter's financial struggles. It highlights the broader issues facing small satellite manufacturers, including the effects of vertical integration and a changing launch market, while also considering the implications of dependency on a singular launch provider. The discussion emphasizes the urgent need for innovation and strategic shifts among companies amid dwindling investor confidence and a tough economic landscape.