Transaction cements strategic partnership between SatRevolution and Virgin Orbit
The total Series B fundraise is estimated to close at $30 million
Investment values SatRevolution at $150 million
PARIS, 14 DECEMBER 2021 (Virgin Orbit/SatRevolution PR) – SatRevolution S.A. (“SatRev or the “Company”), a Polish developer and manufacturer of nanosatellites and nanosatellite technologies, today announced that it has secured Series B funding (the “Transaction”) from Virgin Orbit, the US-based responsive launch and space solutions company that has announced a planned business combination with NextGen Acquisition Corp. II (“NextGen”) (NASDAQ: NGCA). The Transaction values SatRev at approximately $150 million, and will support SatRev’s business development.
MOJAVE, Calif. (Virgin Orbit PR) — Coming off flawless back-to-back launches, the Virgin Orbit team has settled into a steady flight preparation rhythm with LauncherOne. [Earlier today], the fully assembled rocket that will carry our next customers’ satellites to space has left our rocket factory in Long Beach and headed up to the bare concrete pad at the Mojave Air and Space Port that serves as all the spaceport we need. Already, the rocket has been mated to the customized 747 that serves as our flying launch pad, mobile mission control, and fully re-usable first stage all at once.
LONG BEACH, Calif., June 29, 2021 (Virgin Orbit PR) — Virgin Orbit, the California-based responsive launch company, announced today it has signed a new Memorandum of Understanding (MOU) that will expand its relationship with SatRevolution, the low-cost small satellite manufacturer and space services company based in Wrocław, Poland. The new agreement, which comes as two SatRevolution satellites are in the final countdown for launch on Virgin Orbit’s LauncherOne system, lays the groundwork for the launch of hundreds of additional satellites as well as the joint development of integrated mission services, and other potential areas of collaboration.
LONG BEACH, Calif. (Virgin Orbit PR) — The Virgin Orbit team is excited to share an update on timing for our upcoming mission, Tubular Bells: Part One!
With wet dress rehearsal successfully completed, our team is proceeding through the final routine items on our pre-flight checklist. We’re coordinating with our stakeholders to identify the final preferred targets for launch, with an eye on June 30th or the early days of July.
We will only proceed with the mission if all conditions for launch are nominal. If for some reason the launch is delayed, we have backup windows extending through July.
Our carrier aircraft Cosmic Girl will take off from Mojave Air and Spaceport in California, and will travel approximately 1 hour out to sea before releasing the rocket just off the Pacific coast.
A total of 7 satellites will fly on LauncherOne for Tubular Bells: Part One. The full list of customers onboard this mission includes:
The U.S. Department of Defense, which is launching three CubeSat sets as part of the DoD Space Test Program’s (STP) Rapid Agile Launch (RALI) Initiative. This launch, also known as STP-27VPA, was awarded to Virgin Orbit subsidiary VOX Space by the DoD’s Defense Innovation Unit (DIU), an organization working to accelerate the adoption of commercial technology into the U.S. military to strengthen national security.
The Royal Netherlands Air Force, which is launching the Netherlands’ first military satellite, a CubeSat called BRIK II, built and integrated by Innovative Solutions in Space.
SatRevolution, which is launching the first two optical satellites, STORK-4 and STORK-5 (A.K.A. MARTA), of the company’s 14-satellite STORK constellation.
How to Watch
For live updates as the flight progresses, please tune into our public livestream, which will be available on our YouTube. Alternatively, you can follow along with our live-tweets on Twitter (@VirginOrbit).