Verified facts grounded in source documentation.
Virgin Orbit plans to launch its first four satellites in early 2023, consisting of two satellites with IoT payloads and two satellites with imagery payloads.
Virgin Orbit plans to launch its first four satellites in early 2023, consisting of two satellites with IoT payloads and two satellites with imagery payloads.
Virgin Orbit plans to launch its first four satellites in early 2023, consisting of two satellites with IoT payloads and two satellites with imagery payloads.
Virgin Orbit plans to allocate about 40% of the proceeds of the deal toward scaling up production of the LauncherOne system, including investments in advanced manufacturing capabilities.
Virgin Orbit estimates it will need about $420,000,000 in cash from the second half of 2021 through 2023 to reach profitability.
Virgin Orbit projects $15,000,000 in revenue in 2021 and forecasts revenue reaching $2,060,000,000 in 2026.
Virgin Orbit announced the merger with NextGen Acquisition Corp. II on 2021-08-23 and expects the deal to close at the end of 2021.
Virgin Orbit estimates negative EBITDA of $155,000,000 in 2021, near break-even EBITDA in 2023, positive EBITDA of $229,000,000 in 2024, and positive EBITDA of $854,000,000 in 2026.
The SPAC merger and concurrent funding provide Virgin Orbit with as much as $483,000,000 in capital before transaction expenses.
Virgin Orbit will use proceeds of a merger with NextGen Acquisition Corp. II, a special-purpose acquisition company, to expand its launch business and develop a satellite constellation for internet-of-things and Earth observation services.
Virgin Orbit successfully launched satellites for NASA in January 2021.
The merger will make Virgin Orbit a publicly traded company on the Nasdaq with an initial valuation of $3,200,000,000.
Virgin Orbit signed a Space Act Agreement with NASA’s Stennis Space Center in November 2020 to gain access to NASA expertise and test facilities at Stennis.
Virgin Orbit’s first launch failed in May 2020 and the company reached orbit in January carrying a set of cubesats for NASA.
Virgin Orbit’s most recent successful launch on 2021-06-30 delivered satellites for commercial and national security customers directly into their target orbits.
Virgin Orbit’s most recent successful launch on 2021-06-30 delivered satellites for commercial and national security customers directly into their target orbits.
Virgin Orbit’s LauncherOne successfully launched seven cubesats on 2021-06-30.
Virgin Orbit signed a memorandum of understanding with SatRevolution on 2021-06-29 that could lead to launches of future satellites.
Virgin Orbit unveiled a plan to build a spaceport in the compound of Japan's Oita Airport to launch and land its horizontal take-off launch vehicle carrier aircraft as early as 2022.
Virgin Orbit signed a memorandum of understanding with SatRevolution that could lead to launch contracts for hundreds of satellites through 2026.