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Terran Orbital Corporation Rings the Opening Bell at the New York Stock Exchange

Fuel Venture Capital (FVC) in Miami recently joined its portfolio company, Terran Orbital Corporation (NYSE: LLAP), as it celebrated being listed on the New York Stock Exchange by ringing the opening bell. FVC is a Miami-based VC focused on innovative companies. Terran Orbital Corporation’s initial public offering (IPO) produced a $1.8 billion equity valuation.

“We are thrilled to bring Terran Orbital forward as a public company,” Marc Bell says, Co-Founder, Chairman and CEO of Terran Orbital. “This day marks the latest milestone in a history of achievement and outperformance in the space industry. We expect that as we advance, Terran Orbital will continue to define the small satellite market by combining high-volume manufacturing with fully integrated operations and mission planning capabilities. We are also planning to build one of the world’s largest, most advanced persistent earth observation constellations and one of the world’s largest vertically integrated satellite manufacturing facilities.”

Terran Orbital recently announced the building of a $300 million, 660,000 square foot commercial spacecraft and constellation facility on the Space Coast of Florida. The company also plans to significantly expand its manufacturing capability in Irvine, CA, by leasing a 60,000 square-foot commercial facility adjacent to its existing facility. 

Fuel Venture Capital has provided $96 million to South Florida-based companies, including Terran Orbital/PredaSAR, Taxfyle, Novopayment, Instabet, RecargaPAY, Bolt Mobility, Ubicquia, AEXLab and more.

“Today marks another milestone in Fuel Venture Capital’s growth journey and the South Florida tech ecosystem,” Jeff Ransdell says, Managing Director and Founding Partner of Fuel Venture Capital. “This is a South Florida-based company funded by a South Florida-based Venture Capital Firm. We are excited not only for Terran Orbital but for our investors and our entire South Florida ecosystem. We believe our team, due diligence, strategies, hard work, and proven selection of incredible founders, combined with our public and private markets experience, has set up for this type of success now and moving forward. There is more to come.”

Photo Credit: NYSE

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.