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.
Five-year partnership builds on existing technology collaboration
Unlocks advanced image and geospatial products, and tailored AI insights for customers
CHARLOTTE, N.C. (Satellogic PR) — Satellogic Inc. (NASDAQ:SATL), a leader in sub-meter resolution satellite imagery collection, today announced a new partnership with Palantir Technologies Inc. (NYSE:PLTR), a leading builder of operating systems for the modern enterprise. Under the agreement, Satellogic will leverage Palantir’s Foundry platform, accelerating business processes, rapid image product delivery, AI model training, and enterprise-wide data integration. Palantir’s government and commercial customers will have access to Satellogic’s Aleph platform APIs to power their use of Palantir’s MetaConstellation and Edge AI capabilities.
Class A Ordinary Shares to Commence Trading on Nasdaq on January 26, 2022 under ticker “SATL”
Gross proceeds to Satellogic will total approximately $262 million, including cash held in CFV’s trust account and concurrent PIPE financing, as well as the transaction with Liberty Strategic Capital, slated to close in February
Transaction expected to allow Satellogic to scale its constellation of satellites, collecting and analyzing weekly remaps of the Earth by 2023 and creating a live catalog of every square meter of Earth daily thereafter, enabling immense commercial, sustainability, and government applications
NEW YORK, January 25, 2022 (Satellogic PR) – Satellogic Inc., a leader in sub-meter resolution satellite imagery collection (“Satellogic,” the “Company”), today announced that it has completed its previously announced business combination with CF Acquisition Corp. V (Nasdaq: CFV) (“CFV”), a publicly traded special purpose acquisition company sponsored by Cantor Fitzgerald. The business combination was approved at a special meeting of CFV stockholders on January 24, 2022. Beginning Wednesday, January 26, 2022, Satellogic’s Class A ordinary shares and warrants will trade on the Nasdaq under the ticker symbols “SATL” and “SATLW,” respectively.
Virgin Orbit’s debut on the NASDAQ stock exchange wasn’t exactly stellar.
The stock opened at $9.18 when trading began on Thursday, Dec. 30. It reached a low of $8.04 when trading ended the following day befrore rising to $8.30 in after-hours trading.
Richard Branson’s launch company went public after merging with NextGen Acquisition Corp. II, a special purpose acquisition company (SPAC) that was already traded on NASDAQ. The merger allowed Virgin Orbit to go public on the exchange under its own name.
NextGen stock was trading at $9.68 when the merger deal was announced on Aug. 23.
A SPAC is a “blank check company” that is essentially an investment vehicle that is traded on the stock exchange. SPACs typically have two years to find a private company with which to merge and take public. If they don’t, then investors can received their money back. Investors also have the option to sell their shares back to the company if they don’t like the deal, which is what happened with the NextGen-Virgin Orbit merger.
As a result, Virgin Orbit will received only $228 million of the $483 million in growth capital it had expected when the deal was announced in August. The Virgin Group and other investors had to put more money into the merger to meet the $100 million cash requirement for the deal.
LONG BEACH, Calif. & BOCA RATON, Fla. (NextGen Acquisition/Virgin Orbit PR) — NextGen Acquisition Corp. II (NASDAQ: NGCA) (“NextGen”) today announced the closing of its business combination with Vieco USA, Inc., the parent company of Virgin Orbit (“Virgin Orbit” or the “Company”).
As of the closing of the transaction, which was approved by NextGen stockholders on December 28, 2021, NextGen has changed its name to “Virgin Orbit Holdings, Inc.” Virgin Orbit’s common stock and warrants are expected to begin to trade on the NASDAQ Stock Market (“NASDAQ”) on December 30, 2021, under the ticker symbols “VORB” and “VORBW”, respectively.
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).
Virgin Orbit and Arqit Quantum announce an extension to their collaboration that will accelerate space-based encryption services to private, defense, and intelligence customers globally.
Arqit has contracted exclusively with Virgin Orbit for Arqit’s launch needs for up to 5 launches from Spaceport Cornwall beginning in 2023.
Virgin Orbit has acquired a quantum cloud encryption license from Arqit to provide encryption protection for its launch and space solutions businesses.
The two companies have previously announced a $5 million investment from Virgin Orbit into Arqit’s SPAC.
LONG BEACH, Calif. (Virgin Orbit PR) — Virgin Orbit, the responsive launch and space solutions company that has announced a planned business combination with NextGen Acquisition Corp. II (“NextGen”) (NASDAQ: NGCA), has signed a new launch contract covering two dedicated launches for Arqit Quantum, Inc. (NASDAQ: ARQQ), a global leader in quantum encryption technology, plus additional commitments. The two Arqit satellites delivered to Earth orbit by Virgin Orbit’s LauncherOne air-launched system will be the core component of Arqit’s Platform-as-a-Service, delivering the root source of randomness to all Arqit data centres using Arqit’s ground breaking Quantum protocol ARQ19.
Virgin Orbit has delayed its next satellite launch, originally set for Wednesday, Dec. 22, to next month. The launch will come after shareholders of NextGen Acquisition Corp. II vote on Dec. 28 on whether to merge with Richard Branson’s launch services provider.
The merger with the special purpose acquisition company would allow Virgin Orbit to go public on Nasdaq under its own name. The deal will provide $483 million in capital to allow the company to grow.
Special meeting of stockholders of NextGen Acquisition Corp. II scheduled for December 28, 2021 at 9:00 a.m. Eastern time
Upon closing, Virgin Orbit will be listed on NASDAQ under the new ticker symbol “VORB”
The boards of directors of Virgin Orbit and NextGen Acquisition Corp. II have unanimously approved the Business Combination
LONG BEACH, Calif. & BOCA RATON, Fla., December 08, 2021 (Virgin Orbit/NextGen Acquisition II PR) — NextGen Acquisition Corp. II (NASDAQ:NGCA) (“NextGen”) today announced that its Registration Statement on Form S-4 in connection with the previously announced business combination (the “Business Combination”) with Vieco USA, Inc., the parent company of Virgin Orbit (“Virgin Orbit” or the “Company”), the responsive launch and space solutions company, has been declared effective by the Securities and Exchange Commission (the “SEC”).
Virgin Orbit is planning to launch five satellites using its LauncherOne rocket on Dec. 22, according to a U.S. Coast Guard Notice to Mariners.
LauncherOne will be dropped by the Boeing 747 Cosmic Girl over the Pacific Ocean near the Channel Islands off the coast of Southern California. The launch window will last from 2-5 p.m. PST, the notice said. Backup launch dates are Dec. 23 and January 8-10 from 2:15-5 p.m.
LONG BEACH, Calif. and BOCA RATON, Fla., 29 NOVEMBER, 2021 (Virgin Orbit PR) — Virgin Orbit, a leading responsive launch and space solutions company and NextGen Acquisition Corp. II (“NextGen”) (NASDAQ: NGCA), a special purpose acquisition company that has announced a planned business combination with Virgin Orbit, today announced the nominees for the board of directors of the combined company Virgin Orbit Holdings, Inc. (“Virgin Orbit Holdings”).
The Virgin Orbit Holdings board will be convened upon the closing of the business combination, which is subject to shareholder approval and other customary closing conditions. Virgin Orbit Holdings will retain the Virgin Orbit name and its common stock is expected to trade on the NASDAQ exchange under the new ticker “VORB”.
Virgin Orbit Holdings director nominees bring decades of strategic, financial, operational, industry and public company governance leadership.
NEW YORK, November 12, 2021 (Mynaric PR) – Mynaric AG, a leading developer and manufacturer of high-speed and high-security laser communication products for air and spaceborne applications in government and commercial markets, today announced the pricing of its initial public offering of 4,000,000 American Depositary Shares (the “ADSs”), representing 1,000,000 ordinary bearer shares at a public offering price of $16.50 per ADS. In addition, Mynaric has granted the underwriters a 30-day option to purchase up to an additional 600,000 ADSs at the initial public offering price, less the underwriting discounts and commissions. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Mynaric, assuming the underwriters fully exercise their over-allotment option, are expected to be $75.9 million.
Astra Space has applied to the Federal Communications Commission (FCC) the launch more than 13,000 communications satellites into low Earth orbit (LEO), joining SpaceX, OneWeb, Amazon and other companies seeking to provide broadband services across the globe. The application brings the number of proposed satellites in these constellations to more than 79,000.
“The Astra Constellation as proposed would ultimately consist of as many as 13,620 operational LEO satellites, supported by a global network of gateway earth stations utilizing the identified V-band frequency bands for feeder links for space-to-earth transmit and receive,” the company’s application said.
Astra Space’s Rocket 3.3 failed to reach orbit again on Saturday after liftoff from an Alaskan launch site, marking the third straight failure for the now public company.
The booster had a rough take-off, moving laterally in an unusual manner before recovering to fly toward space. Astra Space later revealed that one of the rocket’s five first stage Delphin engines shut down one second after launch. It is not known why the engine failed.
LONG BEACH, Calif. (Vector Acquisition Corp. PR) — Vector Acquisition Corporation (Nasdaq: VACQ) (“Vector”), a publicly traded special purpose acquisition company backed by leading technology investor Vector Capital, today announced that its Annual Meeting of the Company’s shareholders (“Annual Meeting”) to consider the previously announced business combination (“Business Combination”) with Rocket Lab USA, Inc. (“Rocket Lab”), a global leader in launch and space systems, has been set for August 20, 2021. Shareholders of record as of the close of business on June 30, 2021 (“Record Date”) are eligible to vote at the Annual Meeting.