Virgin Orbit reported a first quarter net loss of $62.6 million on revenues of only $2.1 million on a single launch as the company focuses on increasing its flight rate and expand its space services offerings.
UK lays the foundation for rockets, high-altitude balloons and spaceplanes to lift off from spaceports across the UK, creating thousands of jobs in the process.
lift-off moment for UK-US spaceflight as Transport Secretary makes landmark declaration in Washington
partnership to cut red tape, making commercial launches from both countries easier and more streamlined
comes as UK prepares for first satellite launch from home soil this year, creating thousands of high-skilled jobs
WASHINGTON (UK Government PR) — Future spaceflight will be made easier and cheaper, following a landmark partnership with the United States to help cut red tape and boost opportunities in the UK, signed by the Transport Secretary this week in Washington.
Virgin Orbit signs agreement to secure two new airframes to meet U.S. national security and its allies’ launch demands
L3Harris will modify one aircraft, aims to deliver Virgin Orbit’s second airborne launcher by 2023
New cargo configuration expected to enable foreign spaceport launch and transport of rockets, support equipment
LONG BEACH, Calif. and MELBOURNE, Fla., May 10, 2022 (Virgin Orbit PR) — Virgin Orbit (Nasdaq: VORB), a leading satellite launch company, has signed an agreement with L3Harris Technologies (NYSE:LHX) to acquire two Boeing 747-400 airframes to support the growing need for U.S. national security and allies’ satellite launch demands.
LONG BEACH, Calif. (Virgin Orbit PR) — Virgin Orbit (Nasdaq: VORB) has entered flight preparation mode for its forthcoming launch, Straight Up, that will support the United States Space Force’s STP-28A mission. After departing Virgin Orbit’s Long Beach rocket factory on Thursday, April 28, 2022, the rocket arrived at the Mojave Air and Space Port. It will support the Rocket Systems Launch Program (RSLP) and will carry payloads for the Department of Defense (DoD) Space Test Program (STP).
LONG BEACH, Calif. (Virgin Galactic PR)–Virgin Orbit (Nasdaq: VORB), a leading satellite launch provider, announced today the signing of a launch services agreement with Japanese earth observation constellation operator Institute for Q-shu Pioneers of Space, Inc. (“iQPS”). The satellite is expected to join Virgin Orbit’s manifest for early 2023.
LONG BEACH, Calif. (Virgin Orbit PR) — Virgin Orbit (Nasdaq: VORB), a leading satellite launch provider, announced today the renaming of its national security arm. Formerly “VOX Space,” Virgin Orbit’s U.S.-based, wholly owned subsidiary engaged with national security organizations in the U.S. and its allies will now do so under the name “Virgin Orbit National Systems.”
DIDCOT, UK (Satellite Applications Catapult PR) — The Satellite Applications Catapult (“the Catapult”) and Virgin Orbit (“Virgin Orbit”, Nasdaq: VORB), a leading launch provider, have announced an agreement to launch the latest satellite in the Catapult’s In-Orbit Demonstration (IOD) programme into space from the United Kingdom later this year.
The satellite, called Amber-1, is a partnership between the Catapult and Horizon Technologies. Built by AAC Clyde Space in Scotland, it will be launched by Virgin Orbit’s LauncherOne on its historic flight from Spaceport Cornwall this year – a mission that is expected to mark the first ever orbital launch from a United Kingdom spaceport.
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.
LONG BEACH, Calif. (Virgin Orbit PR) — The Government of Poland has signed a letter of intent to partner with Virgin Orbit to bring the first-ever air launch capabilities to Eastern Europe. This includes investment in a spaceport, which will become a launch hub for surrounding Baltic nations.
LONG BEACH, Calif. & CARDIFF, Wales (Virgin Orbit PR) — Leading launch company Virgin Orbit (Nasdaq: VORB) and European in-space manufacturing tech start-up Space Forge announce today an agreement to launch the first satellite developed in Wales in summer 2022.
LONG BEACH, Calif., January 27, 2022 (Virgin Orbit PR) — Virgin Orbit (Nasdaq: VORB) announced today its selection by NASA’s Launch Services Program to provide launch services for the agency’s Venture-Class Acquisition of Dedicated Rideshare (VADR) missions. The fixed-price indefinite-delivery/indefinite-quantity contract will leverage commercial satellite launch practices, and together with the flexibility afforded by Virgin Orbit’s LauncherOne system enables more efficient launch timelines, mission-tailored orbits, and competitive costs.
“This contract award is a great step forward for commercial space,” said Dan Hart, CEO of Virgin Orbit. “The VADR contract vehicle now provides a platform for NASA to more easily contract for flights on our LauncherOne service. That means it will be easier than ever for us to work with NASA to provide targeted and economic access to space, maximizing the science gains from their small satellite missions and enabling ever greater technological innovation.”
MUSCAT, Oman (SatRevolution PR) — The Sultanate of Oman has selected Poland’s SatRevolution S.A. (“SatRev”) to deliver and operate its proprietary nanosatellite technologies alongside partners Virgin Orbit, a leading US-based launch company, Polish capital group and AI data analytics specialists TUATARA, and Omani-based emerging technology innovator ETCO, under a framework agreement for collaboration on Oman’s first mission to deep space and for delivering small satellites to Low Earth Orbit, the first in the country’s history. The framework agreement was signed today in Muscat by the five consortium members.
Oman selects innovative space companies Virgin Orbit, SatRevolution, TUATARA and ETCO as mission partners to launch the sultanate’s first satellites to Low Earth Orbit
The first satellite is scheduled to launch from the UK’s spaceport Cornwall in 2022
The Oman mission to deep space will be targeted for launch as early as Q3 2024
MUSCAT, Oman (Virgin Orbit PR) — The Sultanate of Oman, leading US-based launch company Virgin Orbit, Polish Small Satellite manufacturer and operator SatRevolution, Poland-originated AI data analytics specialists TUATARA, and Omani-based emerging technology innovator ETCO, have together signed a Memorandum of Understanding for collaboration on Oman’s first mission to deep space. The same agreement also lays the foundation for the consortium to collaborate on delivering additional small satellites to Low Earth Orbit, including the first in Oman’s history.
MOJAVE, CALIFORNIA, January 13, 2022 (Virgin Orbit PR) — Virgin Orbit (Nasdaq: VORB), the responsive launch and space solutions company, confirmed it successfully deployed into orbit all 7 customer satellites onboard its LauncherOne rocket during today’s Above the Clouds mission.
In a clear sign of investor skepticism, Richard Branson’s Virgin Orbit will receive only about $228 million of the $483 million in growth capital it expected after merging with the NextGen Acquisition II special purpose acquisition company (SPAC).