Verified facts grounded in source documentation.
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 raised $50,000,000 by exercising part of a standby equity purchase agreement with Yorkville Advisors that was announced in March.
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.
Virgin Orbit has delivered a total of thirty-three satellites to orbit with 100% mission success.
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 air-launches rockets from a modified Boeing 747-400 carrier aircraft.
Virgin Orbit recorded an adjusted EBITDA loss of $29,000,000 in the first quarter of 2021.
Virgin Orbit has a standby equity purchase agreement with hedge fund Yorkville Advisors to sell up to $250,000,000 in equity over three years, established in March.
Virgin Orbit recorded a net loss of $32,300,000 in the first quarter of 2021.
On 2022-05-10, Virgin Orbit agreed with L3Harris to acquire and modify two additional Boeing 747 aircraft.
Virgin Orbit did not disclose how much it will cost to acquire and modify the two Boeing 747 aircraft.
Virgin Orbit forecasted that near-term launches will generate revenue of $6,000,000 to $12,000,000 each.
Virgin Orbit recorded revenue of $5,500,000 in the first quarter of 2021.
Virgin Orbit signed an agreement with L3Harris Technologies to acquire two Boeing 747-400 airframes to support U.S. national security and allies’ satellite launch demand.
Virgin Orbit expects to launch QPS-SAR-5 on LauncherOne into a tailored, mid-inclination orbit to expand iQPS’s constellation coverage and revisit rate.
Virgin Orbit expects to launch QPS-SAR-5 on LauncherOne into a tailored, mid-inclination orbit to expand iQPS’s constellation coverage and revisit rate.
Virgin Orbit signed a launch services agreement with Institute for Q-shu Pioneers of Space, Inc. (iQPS) for the QPS-SAR-5 satellite.
ForgeStar-0 will launch on Virgin Orbit’s LauncherOne this summer from Spaceport Cornwall.
Virgin Orbit will launch Amber-1 on its LauncherOne vehicle from Spaceport Cornwall on a flight 2022 that is expected to be the first ever orbital launch from a United Kingdom spaceport.
Virgin Orbit established a standby equity purchase agreement with Yorkville Advisors to sell up to $250,000,000 in equity over three years.