Successfully launched 7 customer satellites onboard its LauncherOne rocket during the Above the Clouds mission on January 13, 2022, the company’s third successful launch.
Full year 2021 revenue increased to $7.4 million, up from $3.8 million in the prior year period.
Growing backlog of contracts, including selection by NASA’s launch service program to support the agency’s VADR missions.
Completed its going public transaction and began trading on the Nasdaq stock exchange on December 30, 2021.
LONG BEACH, Calif. (Virgin Orbit PR) — Virgin Orbit (Nasdaq: VORB) (“Virgin Orbit” or the “Company”), the responsive launch and space solutions company, today announced its financial results for the fourth quarter and full year ended December 31, 2021.
TOKYO, Feb. 25, 2022 (Astroscale PR) – Astroscale Holdings Inc. (“Astroscale”), the market leader in satellite servicing and long-term orbital sustainability across all orbits, today announced that Jan Woerner, former European Space Agency’s (“ESA”) Director General, and Yuko Noguchi, an experienced lawyer specializing in technology law and intellectual property, have been appointed to the Astroscale Board of Directors effective February 25, 2022.
“We enthusiastically welcome Jan and Yuko to the Astroscale Board at such an exciting time in our development,” said Nobu Okada, Astroscale Founder & CEO. “Jan has long been a supporter of space sustainability and has driven the development of the ecosystem in Europe. Yuko’s understanding of the legal landscape around innovative technologies is second to none. Jan and Yuko’s combined expertise in their fields and passion for our mission will benefit us as we continue to drive the on-orbit servicing market forward.”
The use of outer space and the more than $1 trillion in benefits estimated for 2030 is threatened by rising orbital pollution
There is an urgent need for all stakeholders in the space market to reach a consensus on its safe and sustainable use
GMV is a world reference in the study, monitoring and prevention of space debris proliferation, with more than 20 years of experience in this market
MADRID, Spain (GMV PR) — The space environment is becoming increasingly polluted due to the proliferation of objects orbiting in an uncontrolled manner around the earth, particularly in low and geostationary orbits (the most interesting for use and exploitation). Estimates suggest that there are more than one million objects larger than 1 cm capable of causing potential damage of various kinds, and the number is increasing at a dangerous rate. To ensure a sustainable use of space, various key players in the space industry (*), including GMV, have launched the international initiative called Net Zero Space.
Fourth quarter, October-December 2021 (compared with October-December 2020)
Net sales increased 116% to SEK 62.1 M (28.7)
· Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to SEK -1.0 M (-10.9) and to 0.0 M (-1.6) excluding non-recurring personnel costs of -1.0 M (-1.7) and acquisition costs of 0 M (-7.6)
Earnings before interest and tax (EBIT) amounted to SEK -8.0 M (-13.2)
The loss after tax was SEK -8.3 M (-13.4)
Basic and diluted earnings per share amounted to SEK -0.04 (-0.14)
Cash flow from operating activities totalled SEK -1.7 (-11.7)
The order backlog increased 161% to SEK 407.2 M (156.3)
Space debris is a major threat to the satellite services we rely on
13 projects involve industry and academia across the UK
SWINDON, UK (UK Space Agency PR) — The UK Space Agency is providing £1.7 million [US $2.3 million] for new projects to support sustainable space operations, Science Minister George Freeman announced today.
The 13 new projects will help track and remove dangerous debris in space. They include an AI-based tool which can take autonomous action to avoid a collision and another which will see multiple small spacecraft fired at debris before taking it into the atmosphere to dispose of it.
TOKYO (Astroscale PR) — We have begun operations for our groundbreaking ELSA-d debris removal mission’s next phase: an autonomous capture demonstration in orbit. On January 25th, the ELSA-d servicer spacecraft successfully released its client spacecraft and began autonomous relative navigation, maintaining a constant and safe distance from the client spacecraft over multiple orbits, as designed.
Following an excellent start to mission operations, our team detected anomalous spacecraft conditions. For the safety of the mission, we have decided not to proceed with the capture attempt until the anomalies are resolved. Both spacecraft are operational and safely separated. We are in communication with agencies, regulators, space surveillance networks, and our orbital neighbors. We are continuing with the mission and will provide an update as soon as possible.
DENVER, Jan. 11, 2022 (Orbit Fab PR) — Orbit Fab, the Gas Stations in Space™ refueling service provider and Astroscale U.S. Inc., the U.S. subsidiary of Astroscale Holdings Inc. and market leader in securing long-term orbital sustainability, today announced a commercial agreement to refuel Astroscale’s Life Extension In-Orbit (LEXI™) Servicer in geostationary orbit (GEO); LEXI is the first satellite designed to be refueled.
The LEOPARD (Low Earth Orbit Pursuit for Active Debris Removal) study will define concepts for de-orbiting 2 uncooperative UK space assets from low earth orbit
GUILDFORD, UK (Surrey Satellite PR) — Surrey Satellite Technology Ltd (SSTL) has been selected to lead a UK Space Agency study to define the mission requirements for a complex mission to de-orbit two non-operational space debris targets. SSTL is a world-leader in the manufacture and in-orbit operation of small satellites, and has valuable experience in two previous Active Debris Removal (ADR) demonstration missions; RemoveDEBRIS, which concluded a series of debris retrieval demonstrations in January 2019, and Astroscale’s 2021 ELSA-d mission for which SSTL supplied the Client “target” satellite.
LAS VEGAS, Nev. (Astroscale PR) – Astroscale Holdings Inc. (“Astroscale”), the market leader in satellite servicing and long-term orbital sustainability across all orbits, today announced it has signed a Memorandum of Understanding (“MOU”) with Virgin Orbit, the responsive launch and space solutions company that has announced a planned business combination with NextGen Acquisition Corp. II (“NextGen”) (NASDAQ: NGCA).
The MOU establishes a new partnership in which the two companies will seek opportunities to cooperate on a series of space initiatives that will drive the future of space sustainability and on-orbit servicing ecosystem. Astroscale is planning dozens of missions over the next decade and is in discussions with Virgin Orbit to launch as many as 10 of those on Virgin Orbit’s LauncherOne. The two companies are also working toward a future joint mission concept focused on satellite servicing.
Additional U.S. $109 million in capital will accelerate on-orbit services technology development, facility expansion and global hiring.
TOKYO, Nov. 25, 2021 (Astroscale PR) – Astroscale Holdings Inc. (“Astroscale”), the market leader in satellite servicing and long-term orbital sustainability across all orbits, today announced it closed its Series F round with additional funding of U.S. $109 million from a group of new investors led by THE FUND Limited Partnership in Japan, with participation from international investors including Seraphim Space Investment Trust plc (“Seraphim Space”) in the United Kingdom and DNCA Invest Beyond Global Leaders, a sub-fund of the umbrella structured fund “DNCA Invest” incorporated under the laws of the Grand Duchy of Luxembourg, managed by DNCA Finance, a Limited Partnership in France. This is the largest funding round in the company’s history and brings the total amount raised to U.S. $300 million, affirming investors’ confidence in the rapidly expanding on-orbit servicing market.
Revenue above high end of prior guidance range at $5.3 million
Backlog increased from $141 million at June 30, 2021 to $183 million as of September 30, 2021, and currently stands at $237 million as of November 15, 2021
Space Systems revenue in the third quarter 2021 grew 360% over the same quarterly period in 2020 to represent 27% of total revenue for the nine months ended September 30, 2021
Successfully completed the merger with Vector Acquisition Corporation resulting in ending cash balance at September 30, 2021 of $792.7 million
Q4 2021 Guidance
Revenue to range between $23 million to $25 million
GAAP and non-GAAP gross margins of 13 percent and 27 percent, respectively
GAAP and non-GAAP operating expenses between $24 million to $26 million, and $19 million to $21 million, respectively
GAAP Net Loss between $24 million and $26 million, and Adjusted EBITDA loss of $9 million to $11 million, which reflects adjustments for stock-based compensation, 3rd party fees associated with M&A activity, depreciation and amortization, FX gains and losses, interest expense, taxes and other recurring and non-recurring items
All of the above exclude any warrant expense impacts from the public and private warrants assumed from the Vector Acquisition Corporation merger that closed on August 25, 2021, and also excludes any impacts from the Advance Solutions Inc. acquisition and related purchase price accounting, and excludes any financial contributions and accounting impacts from the pending Planetary Systems Corporation acquisition announced today
LONG BEACH, Calif. (Rocket Lab PR) — Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today announced financial results for its fiscal third quarter ended September 30, 2021.
Eleven space stakeholders have pledged themselves to avoiding the future generation of space debris and remediating the junk that is already clogging up Earth orbit by signing the Net Zero Space Declaration last week.
PARIS (Astroscale PR) — Astroscale Holdings Inc. (“Astroscale”), the market leader in satellite servicing and long-term orbital sustainability across all orbits, today revealed a universal docking device the company hopes will become standard fitment on all future low Earth orbit (LEO) satellites. Following on from the COP26 climate conference, Paris Peace Forum Net Zero Space Declaration, and the G7 statement on space sustainability, Astroscale calls on operators to prepare their spacecraft with a Docking Plate to prepare for future removal and to help safeguard the space environment.
There are an unprecedented number of satellites due to launch over the next decade, the majority into LEO, (250km to 2000km above Earth). The U.S. Federal Communications Commission has approved 16,447 satellites within constellations to date and has applications pending for an additional 64,816 satellites. The potential for high-velocity, high impact collisions is likely to increase unless disposal of satellites becomes part of everyday space operations.
HARWELL, Oxford, UK, Nov. 9, 2021 (Astroscale PR) – Astroscale Ltd., the UK subsidiary of Astroscale Holdings Inc. (“Astroscale”), the market leader in satellite servicing and long-term orbital sustainability across all orbits, today announced plans to develop new offices and satellite manufacturing facilities within the Zeus building complex located on Harwell Science and Innovation Campus, Oxfordshire, UK.
Astroscale’s new UK office will be at the heart of the Harwell Campus Space Cluster, close to stakeholders such as the European Space Agency, Satellite Applications Catapult, UK Space Agency, and many key industry partners. The interior fit-out will begin this month, with the intention to move into the new offices by summer 2022.
TOKYO (Astroscale PR) — Astroscale Holdings Inc. (“Astroscale”), the market leader in satellite servicing and long-term orbital sustainability across all orbits, today announced it has signed a Memorandum of Understanding with New Zealand’s Ministry of Business Innovation & Employment (“MBIE”) to cooperate on areas of space safety and sustainability, including debris mitigation and remediation, and on-orbit servicing in general.
The collaboration is focused on partnership in projects and activities that support long-term space sustainability, including joint technology development and research. To initiate these efforts, Astroscale and MBIE have identified an initial project in collaboration with Rocket Lab and Te Pūnaha Ātea–Auckland Space Institute, which will define the engineering requirements, policy challenges and associated costs for multi-active debris removal missions with clients that require direct re-entry due to survivability of components. The project will assess the mitigation strategy for up to three large debris objects with a single servicer in low Earth orbit and will aim to further demonstrate the viability of commercial debris removal while advancing the state of orbital sustainability.