To read this post please scroll down.

 

Readers! A November fund-raising drive!

 

It is unfortunately time for another November fund-raising campaign to support my work here at Behind the Black. I really dislike doing these, but 2025 is so far turning out to be a very poor year for donations and subscriptions, the worst since 2020. I very much need your support for this webpage to survive.

 

And I think I provide real value. Fifteen years ago I said SLS was garbage and should be cancelled. Almost a decade ago I said Orion was a lie and a bad idea. As early as 1998, long before almost anyone else, I predicted in my first book, Genesis: The Story of Apollo 8, that private enterprise and freedom would conquer the solar system, not government. Very early in the COVID panic and continuing throughout I noted that every policy put forth by the government (masks, social distancing, lockdowns, jab mandates) was wrong, misguided, and did more harm than good. In planetary science, while everyone else in the media still thinks Mars has no water, I have been reporting the real results from the orbiters now for more than five years, that Mars is in fact a planet largely covered with ice.

 

I could continue with numerous other examples. If you want to know what others will discover a decade hence, read what I write here at Behind the Black. And if you read my most recent book, Conscious Choice, you will find out what is going to happen in space in the next century.

 

 

This last claim might sound like hubris on my part, but I base it on my overall track record.

 

So please consider donating or subscribing to Behind the Black, either by giving a one-time contribution or a regular subscription. I could really use the support at this time. There are five ways of doing so:

 

1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.

 

2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation. Takes about a 10% cut.
 

3. A Paypal Donation or subscription, which takes about a 15% cut:

 

4. Donate by check. I get whatever you donate. Make the check payable to Robert Zimmerman and mail it to
 
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652

 

You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.


Lockheed Martin to purchase satellite builder Terran Orbital

Lockheed Martin today announced that it intends to purchase the satellite company Terran Orbital, of which it already owns one third of its stock.

Lockheed said Aug. 15 it would buy Terran Orbital for $0.25 per share in cash and retire the company’s existing debt. The deal, expected to close in the fourth quarter, has an enterprise value of $450 million. Shares in Terran Orbital closed Aug. 14 at $0.40.

Lockheed had six months ago offered to buy the company for $1 per share, but then withdrew the offer. It appears this new offer is intended to save the company, as Lockheed needs it. Right now 90% of Terran Orbital’s contracts are with Lockheed, and if the company goes under so do those deals.

This situation appears related to funding problems being experienced by the Rivada 300-satellite constellation. It had signed a $2.4 billion contract with Terran to build those satellites, but Terran removed that contract from its listed deals this week, suggesting that it no longer expected it to happen.

Lockheed Martin has made a strong effort in the past decade to remake itself to meet the challenges of the new space market, including entering the smallsat satellite manufacturing market. Thus it should be able to absorb Terran Orbital’s operations with little major harm to both, and much benefit.

Hat tip to BtB’s stringer Jay.

Genesis cover

On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.

 

The print edition can be purchased at Amazon or from any other book seller. If you want an autographed copy the price is $60 for the hardback and $45 for the paperback, plus $8 shipping for each. Go here for purchasing details. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.


The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
 

"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News

2 comments

  • The whole Rivada situation is causing a lot of issues. Terran Orbital had that on the books for some time without substantial payment. I wonder if Lockheed will be a bit more aggressive in getting the contracts paid for or implement a separation fee to end them. I hope the TO people will still have their jibs when all this is over.

  • pzatchok

    I wonder if Lockheed tries to back out of this verbal agreement because the stock price dropped below their offer by 60%?

    And if they do will the courts force them to pay the agreed price like they did to Musk with X?

Leave a Reply

Your email address will not be published. Required fields are marked *