In a recent article (https://satellite-constellations.com/rivada-networks-announces-procurement-contract-with-tyvak/), this blog highlighted the Rivada announcement of a multi billion contract with Terran Orbital for the provisioning of its satellites. This blog was skeptical about the capability of Rivada to finance this contract as little information was available on its funding.
Recent news seem to confirm the fragile financial status of the company as a US judge ruled to give control of Rivada to one of its creditors.
The full story can be read here: https://www.businesspost.ie/news/ganley-ordered-to-give-control-of-rivada-to-his-3-1m-creditor/
It must be stressed that the debt is (only) $3.1M which is orders of magnitude below the $2.4B contract with Terran Orbital. Rivada was seeking financing from the US Ex-Im bank which is the official export credit agency. A similar mechanism was used in the past by Irisium and Globalstar with French Coface.