All verified mentions of this organization in source documents.
Virgin Orbit raised $25,000,000 from Virgin Group in early 2022-11-01 and an additional $20,000,000 from Virgin Investments Limited on 2022-12-20.
Virgin Orbit’s first launch from the United Kingdom failed to reach orbit on 2023-01-09.
Virgin Orbit planned to at least double its launch rate in 2023 after expecting to perform three launches in 2022 but ended 2022 with only two launches.
Virgin Orbit reported having $71,000,000 in cash at the close of its third quarter as disclosed on 2022-11-07, and reported negative free cash flow of $52,500,000 for that period.
Virgin Orbit’s LauncherOne rockets are designed and manufactured in Long Beach, California.
Virgin Orbit is set to perform the first orbital launch from the United Kingdom as soon as 2023-01-09.
At the start of 2022, Virgin Orbit projected performing six launches in the year, including two from Spaceport Cornwall.
Virgin Orbit executives sought to at least double the company’s launch rate in 2022 during an earnings call in November 2022.
Spaceport Cornwall built a satellite integration facility that can be used by other companies when Virgin Orbit is not operating there.
NorthStar Earth and Space had not decided whether its first three satellites would be deployed from Virgin Orbit’s base in California or from Virgin Orbit missions launching from England.
The U.K. Civil Aviation Authority awarded a launch license to Virgin Orbit on 2022-12-21, clearing final regulatory hurdles for the Start Me Up mission.
Virgin Orbit’s vehicle and its payloads were in good condition to launch as of 2022-12-22.
With the launch and range control licenses, Virgin Orbit is collaborating across mission stakeholders to open the first orbital launch window in western European history.
Virgin Orbit will use the $20,000,000 raised from Virgin Investments Limited for working capital.
Virgin Orbit raised $20,000,000 from Virgin Investments Limited through a convertible note, as disclosed in a U.S. Securities and Exchange Commission filing on 2022-12-20.
Virgin Orbit postponed a launch that had been scheduled for mid-December on 2022-12-08, citing a lack of a launch license and a need for additional technical work to prepare the vehicle.
The CAA has estimated the launch licensing process takes 9 to 18 months and awarded the license to Virgin Orbit in 15 months.
Virgin Orbit’s ‘Start Me Up’ mission will launch from Spaceport Cornwall operating out of Cornwall Newquay Airport.
Virgin Orbit performed two launches in 2022 despite anticipating up to six launches when the year started.
Arqit had previously arranged for Virgin Orbit to launch the satellite in 2023.