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Virgin Orbit (NASDAQ: VORB) has successfully obtained AS9100 certification, a significant achievement that underscores its commitment to quality management in the aerospace sector. This certification was awarded following rigorous audits conducted at all company sites, confirming compliance with international standards recognized by the U.S. Department of Defense, NASA, and the FAA. CEO Dan Hart highlighted the company's track record of launching 33 satellites with precision, alongside plans to scale operations and enhance launch capabilities.
Virgin Orbit (VORB) reported its second-quarter financial results for the period ending June 30, 2022, revealing a revenue of $0.0 million, down from $1.7 million in the same quarter of 2021. However, over $12 million in revenue was recognized on July 1, 2022, following a successful launch on July 1, marking its fourth successful launch in 18 months. The firm posted a net loss of ($33.3 million), improved from a loss of ($44.6 million) the previous year. As of June 30, cash and cash equivalents stood at $122.1 million, with a total backlog of $581.9 million.
Virgin Orbit (NASDAQ: VORB) has partnered with J-Space to explore potential launch sites in
The project could enable the first launches from South Korea within 12-18 months, supporting the country's expanding space budget and commercial opportunities.
Virgin Orbit (Nasdaq: VORB) announced that CEO Dan Hart will present at the Canaccord Genuity 42nd Annual Growth Conference on August 10, 2022, at 10:30 a.m. ET. The event will include one-on-one meetings for interested parties. Virgin Orbit, founded by Sir Richard Branson in 2017, has been operational since 2021, providing launch services for various satellites. Its innovative air-launch system utilizes modified 747-400 aircraft, allowing for flexible global operations.
Virgin Orbit will release its financial results for Q2 ending June 30, 2022 on August 12, 2022, after market close. A conference call and webcast will be held at 4:30 PM ET on the same day to discuss the results. Participants in the U.S. can call 1-877-407-0792, while international callers can reach 1-201-689-8263. A replay will be available from 7:30 PM ET August 12 until 11:59 PM ET August 26. Virgin Orbit, founded in 2017, specializes in air-launching satellites via its LauncherOne rockets.
Virgin Orbit (Nasdaq: VORB) announced that CEO Dan Hart will present at the Jefferies Industrial Conference on August 9, 2022, at 9:30 a.m. Eastern Time. One-on-one meetings will be available for attendees. Founded by Richard Branson in 2017, Virgin Orbit began commercial operations in 2021, providing flexible space launch services globally. The company operates its LauncherOne rockets from modified 747-400 aircraft, enabling it to serve diverse customer needs. For more information, visit www.virginorbit.com.
Virgin Orbit (NASDAQ: VORB) has been selected to launch the DOVER Pathfinder satellite for RHEA Group, marking the first satellite launch from British soil. This mission, scheduled for later this year from Spaceport Cornwall, is co-funded by the UK Space Agency and the European Space Agency's Navigation Programme. The DOVER satellite will enhance global navigation satellite systems and represents a significant achievement as Virgin Orbit's first overseas flight. The collaboration underlines the UK's growing space capabilities and sets the stage for future advancements in the sector.
Virgin Orbit has successfully completed its fourth consecutive satellite launch mission, named Straight Up, deploying seven satellites for the United States Space Force. This launch, conducted on July 1, marks the company’s first nighttime flight and demonstrates its 100% mission success rate with a total of thirty-three satellites launched. The contract for this mission was awarded in April 2020, and it represents a growing partnership with U.S. government agencies. Virgin Orbit is also preparing for its first international launch later this year.
Virgin Orbit announces its first international commercial rocket launch, set for later this year in collaboration with the U.K. Ministry of Defence and the U.S. National Reconnaissance Office. This historic mission will be the first rocket launch from British soil, taking place at Newquay Airport in Cornwall. The LauncherOne platform aboard Cosmic Girl will deploy two Prometheus 2 CubeSats to Low-Earth Orbit (LEO), enhancing collaborative space communication. This marks the sixth consecutive successful mission for Virgin Orbit since its inception in 2021.
Virgin Orbit has been granted an operator's license for its LauncherOne launch operations in Brazil, specifically from the Alcântara Space Center. This license allows Virgin Orbit Brasil Ltda to utilize its air-launch rocket system, promoting satellite launches from a strategic equatorial location. The company anticipates conducting its first domestic orbital-class launch in Brazil as early as 2023. The partnership with the Brazilian Space Agency and Air Force aims to enhance Brazil's space capabilities, leveraging the existing infrastructure at the Alcântara site to support sustainable space activities.
