Terran Orbital, a satellite solutions provider, went public via a SPAC merger with Tailwind Two Acquisition, a special purposes acquisition company, in a $1.6bn deal. PIPE investors in the deal include AE Industrial Partners, Beach Point Capital, Daniel Staton, Lockheed Martin and Fuel Venture Capital. "Terran Orbital offers an outstanding solution to address the increasing demand for cost-effective data that is only available from space. Tens of thousands of small satellites will be launched over the next decade, and Terran Orbital is ideally positioned to meet this demand, offering the most innovative, cost-effective small satellites that can meet the data demands for governments and corporations," Philip Krim, Tailwind Two Chairman.