All verified mentions of this organization in source documents.
Virgin Orbit planned four to six launches in 2022, compared to a forecast of six launches in January 2022.
Virgin Orbit held $194,200,000 in cash and cash equivalents at the end of 2021.
Virgin Orbit raised $228,000,000 in its SPAC merger, which was less than half the amount the company had anticipated in August 2021.
Virgin Orbit’s backlog grew from $86,000,000 at the end of 2020 to $575,000,000 at the end of 2021, of which $152,000,000 were binding agreements.
Virgin Orbit reported a net loss of $157,300,000 for 2021 on $7,400,000 in revenue.
Virgin Orbit reported a net loss of $121,600,000 for 2020 on $3,800,000 in revenue.
Virgin Orbit reported adjusted EBITDA of –$140,400,000 in 2021 versus –$157,500,000 in 2020.
Virgin Orbit established a standby equity purchase agreement with Yorkville Advisors to sell up to $250,000,000 in equity over three years.
Virgin Orbit’s LauncherOne system is air-launched from an airplane that releases the rocket from an altitude of 10,0 m while traveling at about 600 km per hour.
POLSA aims to host the first launch using Virgin Orbit’s solution in the late summer of 2023 and then gradually transfer the technology to Poland and train Polish pilots.
The Polish Space Agency (POLSA) signed a letter of intent with Virgin Orbit to use the company’s air-launched LauncherOne system as soon as next year.
Virgin Orbit and Cardiff-based Space Forge signed an agreement to launch the first satellite developed in Wales in summer 2022.
Funding for small launch services provided by companies like Rocket Lab and Virgin Orbit increases by $70,000,000 in the omnibus funding bill.
Oita Airport reached an agreement with Virgin Orbit in 2020 to host Virgin Orbit’s LauncherOne air-launch system.
Virgin Orbit planned a first LauncherOne mission from Oita that could take place as soon as 2023.
The October 2021 Memorandum of Understanding established cooperation to design, manufacture, and launch the first Omani satellite manufactured by SatRevolution onboard Virgin Orbit’s LauncherOne.
The first Omani satellite was planned to launch on Virgin Orbit’s LauncherOne from Spaceport Cornwall in the United Kingdom in 2022.
Virgin Orbit plans to launch space missions from the United Kingdom.
Rocket Lab and Virgin Orbit carried out VCLS launches under contracts awarded in 2015.
Astra, Rocket Lab, and Virgin Orbit went public in 2021 through SPAC mergers, each raising hundreds of millions of dollars.