Virgin Orbit
| Use attributes for filter ! | |
| Headquarters | Long Beach |
|---|---|
| California | |
| United States | |
| Number of employees | 390 (2017) |
| Founded | March 2 |
| 2017 | |
| Predecessor | Virgin Galactic |
| Key people | Dan Hart (President and CEO) |
| Parent organizations | Virgin Group |
| Date of Reg. | |
| Date of Upd. | |
| ID | 1104772 |
About Virgin Orbit
Virgin Orbit is a company within the Virgin Group which plans to provide launch services for small satellites. The company was formed in 2017 to develop the air-launched LauncherOne rocket, launched from Cosmic Girl, which had previously been a project of Virgin Galactic.
Virgin Orbit: Branson's rocket firm permanently ceases operations
...By Peter HoskinsBusiness reporterBritish billionaire Sir Richard Branson s rocket company Virgin Orbit has permanently ceased operations, just months after a major mission failure...
Virgin Orbit: Richard Branson's rocket firm files for bankruptcy
...British billionaire Sir Richard Branson s rocket company Virgin Orbit has filed for bankruptcy in the US after failing to secure new investment...
Virgin Orbit: Sir Richard Branson's rocket company lays off 85% of staff
...By Annabelle LiangBusiness reporterBritish billionaire Sir Richard Branson s rocket company Virgin Orbit says it will lay off 85% of staff after failing to secure new investment...
Virgin Orbit to pause all operations from Thursday
...By Christy CooneyBBC NewsVirgin Orbit is to pause operations from Thursday in an apparent attempt to shore up its finances...
UK space launch: Dislodged fuel filter blamed for rocket failure
...The first ever satellite mission from the UK failed to launch last month because a rocket fuel filter had become dislodged, Virgin Orbit says...
UK rocket failure is a setback, not roadblock
... The rocket suffered an " anomaly" late on Monday night after its release by a jumbo jet operated by the American Virgin Orbit company...
Boris Johnson erased from Grant Shapps spaceport picture
... A jumbo jet operated by the American Virgin Orbit company carried a rocket out of Newquay, Cornwall, to release it over the Atlantic Ocean...
UK space launch: Historic Cornwall rocket launch ends in failure
... A jumbo jet operated by the American Virgin Orbit company carried a rocket out of Newquay, Cornwall, to release it high over the Atlantic Ocean...
Virgin Orbit to pause all operations from Thursday
By Christy CooneyBBC News
Virgin Orbit is to pause operations from Thursday in an apparent attempt to shore up its finances.
Almost all employees at the satellite launch company will reportedly also be furloughed.
Bosses told staff about The Move at a meeting on Wednesday, saying a further update would be provided next week.
It Comes after The Company 's failure to launch The First ever satellite mission from UK soil in January.
Chief Executive Dan Hart told staff that The Furlough would buy Virgin Orbit time to finalise a new investment plan, a source who attended The Event told Reuters news agency.
It was not clear how long The Furlough would last, but Mr Hart said employees would be given more information by The Middle of next week.
Shares in Virgin Orbit dropped 18. 8% to 82 cents (72p) in extended trading, Reuters said.
A statement from The Company said: " Virgin Orbit is initiating a company-wide operational pause, effective March 16, 2023, and anticipates providing an update on go-forward operations in The Coming weeks. "
It did not confirm or deny The Furlough when asked by Bbc News .
In January's launch, a Jumbo Jet operated by Virgin Orbit carried a rocket out of Newquay, Cornwall, to release it high over the Atlantic Ocean .
The Rocket ignited and appeared to be ascending correctly, but later suffered an " anomaly".
The satellites it was carrying could not be released and were lost. Cosmic Girl , The Carrier 747 jet, returned safely to base.
Virgin Orbit later said The Mission had failed because a rocket fuel filter had become dislodged, causing one of the engines to overheat.
The Statement released by The Company on Thursday said that The Investigation into the failure was " nearly complete" and that " our next production rocket with the needed modification incorporated is in final stages of integration and test".
The Mission had been billed as a major milestone for UK space, marking The Birth of a home-grown launch industry.
The ambition is to turn the country into a global Player - from manufacturing satellites, to building rockets and creating new spaceports.
Related TopicsSource of news: bbc.com
