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Virgin Orbit raised $50,000,000 by exercising part of a standby equity purchase agreement with Yorkville Advisors that was announced in March.
Virgin Orbit projects upcoming launches will produce $6,000,000 to $12,000,000 of revenue per launch.
Virgin Orbit reported no revenue in the second quarter and a net loss of $33,300,000 in its second quarter earnings release on 2022-08-12.
Virgin Orbit expects to perform four launches 2022.
Virgin Orbit recorded more than $12,000,000 in revenue on its second launch of the year on 2022-07-02.
Virgin Orbit’s LauncherOne service launches rockets from a carrier aircraft that can take off from any runway and does not require fixed launch infrastructure.
Open Cosmos and RHEA Group selected Virgin Orbit’s UK business to launch the DOVER Pathfinder satellite to low Earth orbit from Spaceport Cornwall later 2022.
The United Kingdom opened a public consultation on 2022-07-22 to assess the environmental impact of the country’s first space launch as part of the licensing process for Virgin Orbit’s mission 2022.
Spaceport Cornwall is operated by a consortium comprising Virgin Orbit, the UK Space Agency, Goonhilly Earth Station, and the Cornwall Council unitary authority.
Virgin Orbit, a U.S. company, planned to perform an orbital LauncherOne mission from Spaceport Cornwall as soon as September 2022.
Slingshot 1, MISR-B, and a government customer satellite were launched aboard Virgin Orbit on 2022-07-01.
The U.S. National Reconnaissance Office is teaming up with the U.K. Ministry of Defence to launch experimental smallsats to low Earth orbit in late 2022 on a Virgin Orbit air-launched rocket.
Virgin Orbit launches small satellites from rockets that are deployed from a Boeing 747 aircraft.
LauncherOne rockets are designed and manufactured by Virgin Orbit in Long Beach, California and are air-launched from a modified 747-400 carrier aircraft called Cosmic Girl.
Virgin Orbit has delivered a total of thirty-three satellites to orbit with 100% mission success.
Space Systems Command and Virgin Orbit National Systems successfully air-launched seven Department of Defense research and development satellites for the U.S. Space Force on LauncherOne after taking off on 2022-07-01 from Mojave Air and Space Port, California.
The Straight Up launch was the second time Virgin Orbit reached a 45-degree inclination from the West Coast, an inclination the company states no other system has reached from the West Coast.
The STP-S28 contract was awarded to Virgin Orbit National Systems in April 2020 by the United States Space Force as a three-launch mission, with STP-S28A as the first launch.
Virgin Orbit’s Boeing 747 aircraft Cosmic Girl took off from Mojave Air and Space Port in California at 1:49 a.m. Eastern.
A Virgin Orbit Boeing 747 launch platform is scheduled to take off from Mojave Air and Space Port in California at 1 a.m. Eastern on 2022-06-30.