By Channing Reid, Published by Simple Flying, 21 March 2023 The company is desperately searching for a lifeline. Bankruptcy could become a reality for satellite launch provider Virgin Orbit as soon as this week. The US-based group is reportedly scrambling to find a funding source to avoid insolvency. Last week,
By Tim Fernholz, Published by qz.com, 19 March 2023 Rocket makers that emerged from the venture capital ecosystem recently spent an anxious weekend waiting on the outcome of Silicon Valley Bank’s failure, but their latest troubles have no connection to with the lender’s collapse. Astra Space (ASTR) is now fighting
By Alex Lawson, Published by the BBC, 16 March 2023 Satellite launch company hunts for funding lifeline following failed attempt from UK soil Virgin Orbit has paused its operations and furloughed its workforce as it hunts for a funding lifeline. The satellite launch company, based in California, will put all
By Sam Boughedda, Published by Investing.com, 1 March 2023 Virgin Galactic Holdings (NYSE:SPCE) shares are trading lower early Wednesday after they missed fourth quarter earnings expectations. The spaceflight company posted a loss per share of $0.55 on revenue of $870K. Analysts expected a loss per share of $0.51, however, revenue
By Tom Ambrose, Published by The Guardian, 1 March 2023 After Virgin Orbit’s failed mission, Commons committee hears complaints about regulator Britain’s failed attempt to send satellites into orbit was a “disaster” and MPs are being urged to redirect funding to hospitals, with the country now seen as “toxic” for
By Jeff Froust, Published by SpaceNews, 17 February, 2023 Most of the people who converged on the Kennedy Space Center in mid-November for the third Artemis 1 launch attempt were focused on the giant Space Launch System rocket standing at Launch Complex 39B and the Orion spacecraft on top. Craig
By Lee Trewhela, Published by Cornwall Live, 23 January 2023 Space boss also addresses reports Scotland could now beat Cornwall to the UK's first satellite rocket launch The boss of Spaceport Cornwall has strenuously denied claims that the Virgin Orbit rocket launch mission from Newquay only had a 50/50 chance
By Jonathan Amos and Greg Brosnan, Published by the BBC, 11 January, 2023 The failure of the first ever satellite mission launched from UK soil is a setback but not a roadblock to the country's space plans. The rocket suffered an "anomaly" late on Monday night after its release by
