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 Joey Roulette, Published by dunyanews, 1 March 2023 WASHINGTON (Reuters) - Virgin Galactic Holdings Inc (SPCE.N) has completed a lengthy upgrade period for its centrepiece tourist spacecraft, with commercial service on track to begin in the second quarter of 2023, the company said on Tuesday. The company, founded by
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 Kevin George, Published by Investopedia, 27 February 2023 Virgin Galactic Holdings Inc. (SPCE), the world's first publicly traded space tourism company, likely lost over $100 million in the fourth quarter as operating costs surged and the company geared up to begin commercial operations. Analysts expect to see a year-on-year
By Jeff Foust, Published by SpaceNews, 16 February 2023 WASHINGTON — The carrier aircraft for Virgin Galactic’s suborbital spaceplane made its first flight in more than a year Feb. 15 as the company moves one step closer to beginning commercial service. The airplane, VMS Eve, took off from the Mojave
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
