News: Virgin Orbit
Headlines from space publications, linked back to the original articles
Industry / News / Virgin Orbit
- Report outlines lessons learned from first U.K. launch SpaceNews · 17 Dec 2023 Nearly a year after the failed Virgin Orbit launch from England, United Kingdom government officials remain optimistic about the prospects for building up a launch industry in the country.
- Stratolaunch Welcomes The Spirit Of Mojave To Their Fleet The Launch Pad · 6 Dec 2023 Goodbye Virgin Orbit's, Cosmic Girl; Hello Stratolaunch's, The Spirit of Mojave
- UK funds surveillance satellite replacement lost in Virgin Orbit failure SpaceNews · 19 Oct 2023 The U.K. is funding nearly half the cost of replacing the government-backed cubesat that British maritime surveillance venture Horizon Technologies lost in January in Virgin Orbit’s final launch attempt before bankruptcy...
- RocketLab Opens New Engine Facility In Former Virgin Orbit HQ The Launch Pad · 8 Oct 2023 Rocket Lab opened its Engine Development Center in Long Beach, California on October 4th. The new facility, spanning a sprawling 13,400 square meters, is poised to play a pivotal role in advancing the production of Rocke...
- Rocket Lab opens engine facility in former Virgin Orbit headquarters SpaceNews · 5 Oct 2023 Rocket Lab has opened a new engine development center in a building that, six months earlier, was the headquarters of a competing launch company, Virgin Orbit.
- Japanese SAR company iQPS to launch with Rocket Lab after Virgin Orbit bankruptcy SpaceNews · 17 Aug 2023 A Japanese firm developing a constellation of SAR satellites is the latest to turn to Rocket Lab after the bankruptcy of rival launch company Virgin Orbit.
- Rocket Lab sees Virgin Orbit facility as “scaling enabler” for Neutron SpaceNews · 14 Aug 2023 Rocket Lab says a Virgin Orbit facility it acquired at a bankruptcy auction in May will allow the company to scale up production of its Neutron rocket in development.
- NorthStar Signs Multi Launch Deal With RocketLab Following Virgin Orbit Collapse The Launch Pad · 22 Jun 2023 Canada's NorthStar Earth and Space has signed a multi-launch deal with Rocket Lab, with the first four satellites set to be launched on an Electron rocket in the coming fall, following the collapse of there original laun...
- NorthStar pivots to Rocket Lab following Virgin Orbit’s collapse SpaceNews · 22 Jun 2023 Canada’s NorthStar Earth and Space has signed a multi-launch deal with Rocket Lab after Virgin Orbit’s bankruptcy shattered plans to start deploying its space situational awareness (SSA) satellites this summer.
- Firefly Aerospace Purchases Remaining Virgin Orbit Assets The Launch Pad · 17 Jun 2023 Firefly Aerospace has reached an agreement to acquire the remaining assets of Virgin Orbit as part of Virgin Orbit's ongoing bankruptcy proceedings.
- Firefly to buy remaining Virgin Orbit assets SpaceNews · 16 Jun 2023 Firefly Aerospace has agreed to buy Virgin Orbit’s remaining assets — inventory at two company production facilities — as part of Virgin Orbit’s bankruptcy proceedings.
- No one should be surprised Virgin Orbit failed—it had a terrible business plan Ars Technica · 24 May 2023 The business case simply did not close.
- Three companies to buy most Virgin Orbit assets SpaceNews · 23 May 2023 Three aerospace companies submitted winning bids at a bankruptcy auction for most of the assets of launch company Virgin Orbit, ending any chance that company could return to flight under new ownership.
- Virgin Orbit Sells Assets To RocketLab, Stratolaunch and Vast Launcher The Launch Pad · 23 May 2023 Virgin Orbit has sold its assets and equipment to a trio of aerospace companies through an auction, as confirmed by a court filing released on Tuesday.
- Virgin Orbit shuts down after bankruptcy sales CNBC · 23 May 2023 Bankrupt rocket company Virgin Orbit is shutting down after selling its facility leases and equipment to a trio of aerospace companies in an auction, the company confirmed on Tuesday.
- U.K. government won’t buy Virgin Orbit SpaceNews · 18 May 2023 The British government, which helped buy OneWeb out of bankruptcy three years ago, has no plans to do the same with launch company Virgin Orbit, a government minister said May 17.
- Virgin Orbit receives $17 million bid for rocket-carrying aircraft in bankruptcy court CNBC · 17 May 2023 Bankrupt rocket company Virgin Orbit received a $17 million “stalking horse” bid for its modified 747 carrier jet and other aircraft assets, as it continues to examine options during Chapter 11 court proceedings.
- Virgin Orbit Bankruptcy Auction Deadline Extended The Launch Pad · 15 May 2023 Virgin Orbit, the satellite launch company founded by Richard Branson, has announced an extension of the deadline for bids as part of its bankruptcy auction process.
- Virgin Orbit extends deadline for bankruptcy auction bids SpaceNews · 13 May 2023 Virgin Orbit has extended the deadline for bids as part of its bankruptcy auction process that the company says has attracted interest from dozens of potential bidders.
- Court approves plans for Virgin Orbit bankruptcy sale SpaceNews · 2 May 2023 A federal bankruptcy court has approved plans to conduct a sale of Virgin Orbit’s assets this month that could result in either new ownership for the launch provider or its dissolution.
- Spaceport Cornwall expands facilities following Virgin Orbit failure SpaceNews · 28 Apr 2023 Spaceport Cornwall, which provided the runway for Virgin Orbit’s failed launch from the U.K. in January, opened a new operations facility April 27 to attract more businesses in the wake of its flagship customer’s bankrup...
- Virgin Orbit completes LauncherOne investigation as Chapter 11 bankruptcy continues SpaceNews · 24 Apr 2023 Virgin Orbit says it is moving ahead with plans to return its LauncherOne rocket to flight later this year even though there is no certainty the company will emerge from bankruptcy.
- Virgin Orbit seeking expedited bankruptcy sale SpaceNews · 11 Apr 2023 Virgin Orbit is proposing a rapid sale of the company or its assets in bankruptcy, hoping to conclude the process before the end of May.
- Virgin Orbit COO calls out company leadership for failures in goodbye memo. Read the full email CNBC · 4 Apr 2023 With Virgin Orbit now under bankruptcy protection, departing Chief Operating Officer Tony Gingiss had some choice words for the company’s leadership, as well as a lengthy and detailed apology to its employees.
- Virgin Orbit formally enters bankruptcy, seeking a buyer Ars Technica · 4 Apr 2023 Branson further cements his position as a "senior" creditor.
- Virgin Orbit Files For Bankruptcy The Launch Pad · 4 Apr 2023 Virgin Orbit has filed for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code.
- Virgin Orbit files for bankruptcy SpaceNews · 4 Apr 2023 Launch company Virgin Orbit filed for Chapter 11 bankruptcy April 4, having failed to achieve financial orbit after burning through more than $1 billion.
- Richard Branson's Virgin Orbit files for bankruptcy, to seek buyer Reuters · 4 Apr 2023 Richard Branson's Virgin Orbit Holdings (VORB.O) filed for Chapter 11 bankruptcy on Tuesday after the satellite launch company failed to secure the long-term funding needed to help it recover from a January rocket failur...
- Virgin Orbit collapsed despite a billionaire’s backing and an intriguing plan. Here’s what happened CNBC · 31 Mar 2023 Not too long ago, Virgin Orbit was in rarified air among U.S. rocket builders, and executives were in New York celebrating its public stock debut.
- Rocket Report: ULA Centaur stage has an ‘anomaly,’ Virgin Orbit funding is dire Ars Technica · 31 Mar 2023 "This is why we thoroughly & rigorously exercise every possible condition on the ground."
- Virgin Orbit lays off most employees SpaceNews · 30 Mar 2023 Virgin Orbit announced late March 30 it was laying off the vast majority of its employees after failing to raise additional funding, putting the launch company’s future in jeopardy.
- Virgin Orbit To Cease Operations, Lay Off 90% After Funding Failure The Launch Pad · 30 Mar 2023 Virgin Orbit has informed its employees that the company will be ceasing operations "for the foreseeable future".
- Virgin Orbit fails to secure funding, will cease operations and lay off nearly entire workforce CNBC · 30 Mar 2023 Virgin Orbit is ceasing operations “for the foreseeable future” after failing to secure a funding lifeline, CEO Dan Hart told employees during an all-hands meeting on Thursday afternoon, and will layoff nearly all of its...
- Virgin Orbit Extends Shutdown, Lifeline Investment Talks Collapse The Launch Pad · 27 Mar 2023 According to a company-wide email from CEO Dan Hart, Virgin Orbit will be extending its operational pause again to pursue an investment that could save the company.
- Virgin Orbit extends unpaid pause as Brown deal collapses, ‘dynamic’ talks continue CNBC · 27 Mar 2023 Virgin Orbit is again extending its unpaid pause in operations to continue pursuing a lifeline investment, CEO Dan Hart told employees in a company-wide email.
- Investing in Space: The latecomer CNBC · 23 Mar 2023 A small group of Virgin Orbit employees are rolling back into the company’s Long Beach, California, headquarters today. The work they’ll resume carries the hopes of the rest of their colleagues, who wait unpaid in the wi...
- Virgin Orbit raising $200 million from investor Matthew Brown, closing deal as soon as Thursday CNBC · 22 Mar 2023 Virgin Orbit is in final talks to raise funds from Texas-based investor Matthew Brown, two people familiar with the deal told CNBC, amounting to an injection of $200 million.
- Virgin Orbit begins “incremental” return to work as it seeks new funding SpaceNews · 22 Mar 2023 A small set of Virgin Orbit employees will return to work after a week-long furlough as the company attempts to raise money to remain solvent.
- Virgin Orbit returning ‘small’ team from unpaid pause on Thursday to prep for next rocket launch CNBC · 22 Mar 2023 Virgin Orbit is returning a “small” team to work on Thursday, according to a company-wide email obtained by CNBC, as it aims to prepare for its next rocket launch even as its future remains in doubt.
- Virgin Orbit scrambles to avoid bankruptcy as deal talks continue CNBC · 20 Mar 2023 Virgin Orbit is scrambling to secure a funding lifeline and avoid bankruptcy, which could come as early as this week without a deal, CNBC has learned.