Testing of 3D-printed space rocket engines begins in the UK Forget 3D-printed toys, UK company Skyrora is making rockets headed for space Evening Standard · Jun 20, 2023
Virgin Orbit receives $17 million bid from Stratolaunch for carrier plane and related aircraft assets Virgin Orbit has received a $17 million bid for its aircraft assets from the hypersonic flight company Stratolaunch, according to court filings released on Tuesday (May 16). Space · May 19, 2023
Volume in This Stock Is out of This World, and It’s Time to SELL The outlook for satellite launching company VORB looks highly uncertain following its recent announcement of filing for Chapter 11 bankruptcy protection after failing to secure a funding lifeline. The stock was heavily traded following this news. Given its poor fundamentals, it could be wise to sell this risky stock if… StockNews.com · Apr 10, 2023
Virgin Orbit files for bankruptcy after funding efforts fail The California-based launch company Virgin Orbit filed for Chapter 11 bankruptcy on Monday (April 3), shortly after it failed to secure a potential funding lifeline. Space · Apr 4, 2023
Branson’s rocket-launch firm Virgin Orbit files for bankruptcy Virgin Orbit Holdings Inc. filed for bankruptcy after the satellite launch firm tied to British billionaire Richard Branson failed to secure the funding needed to keep operating and cut about 85% of its staff. Tribune News Service · Apr 4, 2023
Musk’s SpaceX has once less competitor as Virgin Orbit files for bankruptcy The startup founded by the Brit will not attempt to reorganize under protection from creditors but instead will pursue an outright sale. Fortune · Apr 4, 2023
Virgin Orbit seeks bankruptcy protection after mission fail Richard Branson’s Virgin Orbit is filing for Chapter 11 bankruptcy protection after a failed mission and increasing difficulty in raising funding for future operations The Independent UK · Apr 4, 2023
Richard Branson’s Virgin Orbit lays off 85% of staff and ceases operations Virgin Orbit said that the layoffs will impact around 675 employees across all areas of the company with equates to around 85% of staff Daily Mirror · Mar 31, 2023
Richard Branson loses £1.5 billion from plummeting Virgin Orbit shares amid funding crisis Sir Richard Branson has lost a staggering £1.5 billion from his stake in Virgin Orbit over the past year after the company’s share price plummeted more than 95%. Evening Standard · Mar 31, 2023
Virgin Orbit ceasing operations 'for the foreseeable future:' report Virgin Orbit is ceasing operations "for the foreseeable future" and laying off about 90% of its workforce, according to CNBC. Space · Mar 30, 2023
Virgin Orbit extends employee furlough after finance deal falls through: report Talks with two separate buyers collapsed over the weekend as Virgin Orbit seeks more cash to continue launch operations, a media report suggests. Space · Mar 28, 2023
Richard Branson's Virgin Orbit pauses space operations with 'staff set to be furloughed' A spokesperson for Virgin Orbit confirmed the "operational pause" in a statement, but did not comment on the furloughs Daily Mirror · Mar 16, 2023
UK now seen as ‘toxic’ for satellite launches, MPs told After Virgin Orbit’s failed mission, Commons committee hears complaints about regulator The Guardian - UK · Mar 1, 2023
Virgin space launch: What went wrong? The UK’s first rocket launch ended in failure, but what happened to the Virgin Orbit space launch? Evening Standard · Jan 10, 2023
Reuters · Jan 10, 2023 Britain's satellite hopes undimmed by mission failure Britain's hopes of becoming a prime launch site for small satellites remain intact despite the failure of what would have been the first launch into orbit from western Europe, business minister Grant Shapps said on Tuesday.
Wales Online · Jan 9, 2023 Final checks for UK's first rocket launch underway Satellites are due to be launched into space on Monday night (January 9) from Cornwall Airport near Newquay
The Guardian - UK · Nov 8, 2022 Cornish climate proves challenging for US space crew American crew and technicians in UK for historic mission find persistent rain and wind ‘interesting but fun’
Benzinga · Jul 12, 2022 Analysis: Can The Webb Telescope Photos Inspire A Space Industry Boom During A Recession? NASA unveiled a series of dramatic full-color photographs taken by the James Webb Space Telescope, offering the deepest imagery ever captured of the distant edges of the universe.
Benzinga · Mar 17, 2022 Virgin Orbit Collaborates With POLSA To Advance Domestic Space Capabilities In Poland Virgin Orbit Holdings Inc (NASDAQ:VORB) has signed a letter of intent with the Polish Space Agency (POLSA) to conduct a detailed analysis of LauncherOne's practical applications in support of Poland's science and economy industries. POLSA conveyed its strong interest in bringing a domestic launch capability to Poland, a development made possible through Virgin…
Benzinga · Jan 27, 2022 NASA Picks Virgin Orbit To Provide Launch Services Through VADR Contract NASA has selected Virgin Orbit Holdings Inc (NASDAQ:VORB) to provide launch services through Venture-Class Acquisition of Dedicated Rideshare (VADR) contract. The contract has a five-year ordering period with a maximum total value of $300 million and will be managed by the Launch Services Program at NASA's Kennedy Space Center in Florida. "The VADR…