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Astra, Rocket Lab, and Virgin Orbit went public in 2021 through SPAC mergers, each raising hundreds of millions of dollars.
Astra and Virgin Orbit launched payloads into orbit in 2021 and must now demonstrate routine launch capability.
Virgin Orbit received diminished proceeds from its SPAC merger that closed in late 2023, an outcome attributed in part to redemptions.
Virgin Orbit forecast six missions for 2022 after launching twice in 2021.
The Above the Clouds mission increased the total number of satellites launched by Virgin Orbit to 26.
NearSpace Launch Inc. launched a 3U smallsat on Virgin Orbit’s third operational mission on 2022-01-13 alongside six other customers.
Virgin Orbit’s share price fell by more than 9 percent on 2022-01-14, the day after the company completed its third successful orbital flight.
The $228,000,000 raised in the SPAC merger was less than half the amount Virgin Orbit projected when the deal was announced in August due to a high rate of shareholder redemptions.
Two of Virgin Orbit’s six scheduled 2022 launches are planned for Spaceport Cornwall in England and the remainder are planned to fly out of Mojave.
The 2022-01-13 flight was Virgin Orbit’s third operational mission in just under one year following successful launches in January and 2021-06-01.
The SPAC deal raised $228,000,000 for Virgin Orbit to fund expansion of its launch and satellite services businesses.
The 2022-01-13 launch is the first of six launches that Virgin Orbit scheduled for 2022.
Virgin Orbit completed a merger with a special purpose acquisition company and began trading on the Nasdaq on 2021-12-30.
Virgin Orbit achieved a 45-degree orbital inclination from a West Coast launch for the first time on the 2022-01-13 mission.
Virgin Orbit placed seven cubesats for three customers into orbit on 2022-01-13 using its LauncherOne air-launch system.
Virgin Orbit signed a deal with the U.S. Space Force in 2020 to launch from Andersen Air Force Base in Guam.
Two of Virgin Orbit’s six planned 2022 launches are scheduled to fly out of Spaceport Cornwall in England in the middle of 2022.
The remaining planned Virgin Orbit launches on the 2022 manifest are scheduled to fly from Mojave Air and Space Port in California.
The Boeing 747 aircraft used as Virgin Orbit’s launch platform is scheduled to take off from Mojave Air and Space Port in California between 4:00 and 6:30 p.m. Eastern for the Above the Clouds mission.
Virgin Orbit expects to fly LauncherOne out of Oita, Japan, in 2023 after signing a memorandum of understanding with ANA Holdings in November 2021.