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Dan Hart, CEO of Virgin Orbit, advocates that governments should invest in a diversity of smallsat launch companies and avoid creating monopolies.
Virgin Orbit plans to invest in Sky and Space Global and partner with it on launch and satellite services.
Sky and Space Global will sign a three-year launch services and consulting agreement with Virgin Orbit for A$1,000,000 per year.
Virgin Orbit will take a stake of no less than 14.7% in Sky and Space Global by purchasing shares at A$0.20 (US$0.14) each.
Virgin Orbit will receive options to purchase seven million additional Sky and Space Global shares at A$0.40 each over the next three years.
Virgin Orbit is planning a second orbital launch attempt late 2020.
Cornwall Airport Newquay is seeking to host Virgin Orbit launches using the LauncherOne air-launch system under the name Spaceport Cornwall.
Virgin Orbit is seeking to raise an additional $200,000,000 in the coming months.
Spaceport Cornwall officials expect launches using Virgin Orbit’s LauncherOne to begin by early 2022.
The United Kingdom is laying regulatory groundwork for commercial spaceports and is working with Virgin Orbit to host flights of Virgin Orbit’s air-launch system from an English airport.
Virgin Orbit announced plans in 2019 to send small satellites to Mars in 2022 for Polish satellite manufacturer SatRevolution.
ExoTerra Resources, a Colorado startup, received a NASA Small Business Innovation Research contract on 2020-10-05 to develop a solar electric upper stage to boost small satellites launched on Virgin Orbit’s LauncherOne beyond low Earth orbit.
Virgin Orbit asserted that the OneWeb cancellations triggered a $70,000,000 termination fee, of which $46,300,000 remained outstanding.
Virgin Orbit asked the court to require the debtors and/or the successful bidder(s) to cure all defaults under any assumed Virgin Notice Contracts existing as of the date of assumption, specifying amounts of not less than $46,323,851.
Virgin Orbit asked OneWeb’s bankruptcy court to require OneWeb to pay $46,300,000 as a contract termination fee for 35 LauncherOne missions canceled in 2018.
Virgin Orbit announced on 2020-08-03 that its next launch will carry 11 cubesats for NASA as part of the Venture Class Launch Services mission the company received a contract for in 2015.
Virgin Orbit carried out its first demonstration mission for the air-launched LauncherOne vehicle on 2020-05-25.
Virgin Orbit’s first LauncherOne flight on 2020-05-25 failed to reach orbit.
A second LauncherOne rocket was nearing completion at Virgin Orbit’s Long Beach, California factory as of mid-2020.
Virgin Orbit plans to operate launch services from Cornwall Airport Newquay, also known as Spaceport Cornwall.