Verified facts grounded in source documentation.
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 reported a net loss of $121,600,000 for 2020 on $3,800,000 in revenue.
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 reported adjusted EBITDA of –$140,400,000 in 2021 versus –$157,500,000 in 2020.
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.
Virgin Orbit planned a first LauncherOne mission from Oita that could take place as soon as 2023.
Oita Airport reached an agreement with Virgin Orbit in 2020 to host Virgin Orbit’s LauncherOne air-launch system.
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.
Virgin Orbit plans to launch space missions from the United Kingdom.
Astra, Rocket Lab, and Virgin Orbit went public in 2021 through SPAC mergers, each raising hundreds of millions of dollars.
Virgin Orbit received diminished proceeds from its SPAC merger that closed in late 2023, an outcome attributed in part to redemptions.
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 SPAC deal raised $228,000,000 for Virgin Orbit to fund expansion of its launch and satellite services businesses.
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 completed a merger with a special purpose acquisition company and began trading on the Nasdaq on 2021-12-30.
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.
Virgin Orbit’s previous LauncherOne mission took place about five and a half months after the company’s first successful LauncherOne mission in January 2021.
Virgin Orbit signed a deal with the U.S. Space Force in 2020 to launch from Andersen Air Force Base in Guam.
Virgin Orbit raised less than half of the $483,000,000 originally projected from its SPAC merger with NextGen Acquisition Corp. II in 2021.