Virgin Orbit now expects to perform four launches this year, at the low end of earlier projections, but with a higher per-launch revenue.
Despite a widening loss in the first quarter, Virgin Orbit executives said they believe they have enough financial runway for their air launch business to gain altitude this year.
British microlauncher startup Orbex unveiled a full-scale prototype May 11 of what it hopes will be the first-ever vertical rocket launched to orbit from British soil.
The U.S. National Reconnaissance Office and the United Kingdom’s Ministry of Defense will launch a joint mission this summer on Virgin Orbit’s LauncherOne rocket.
An experiment scheduled to launch this fall on Virgin Orbit’s LauncherOne rocket will try to show a faster and cheaper way for the space industry to test technologies on orbit.
Small launch vehicle company Virgin Orbit says it sees opportunities not just in satellite launch but also in hypersonics as it looks to increase its revenue.
In a bid to secure a domestic launch capability, the Polish Space Agency (POLSA) signed a letter of intent with Virgin Orbit to use the U.S. company’s air-launched LauncherOne system as soon as next year.
A bipartisan group of lawmakers in a letter Jan. 31 asked House defense appropriators to add $50 million to the Pentagon’s 2022 budget for tactically responsive space launch.
Plans to host the first orbital launches from the United Kingdom this year are moving ahead despite uncertainty about when regulators will grant licenses for those launches.
NASA awarded contracts Jan. 26 to a dozen companies, ranging from industry stalwarts to startups yet to launch their first rocket, to provide low-cost launches of agency smallsats.
After a year that saw the rise and potential fall of one tool for space companies to raise money, executives and investors have varying degrees of optimism about the state of the industry heading into 2022.
Virgin Orbit placed seven cubesats for three customers into orbit Jan. 13 on the third consecutive successful operational flight of its LauncherOne air-launch system.
Virgin Orbit is preparing to launch a set of smallsats as both a demonstration of the flexibility of its air-launch system and its ability to increase its cadence of launches.
Virgin Orbit will get less than half the money it originally expected from its merger with a special purpose acquisition company (SPAC) as that deal wins shareholder approval.