Virgin Orbit’s Next Rocket Ready for Cornwall

Rhea-AI Summary

Virgin Orbit (Nasdaq: VORB) announced that its latest rocket has successfully completed a full launch rehearsal, paving the way for its upcoming orbital launch from the U.K. The launch date will depend on regulatory approvals. The rehearsal, a crucial acceptance test before final preparations, took place on October 2. With 33 successful satellite deliveries to date, Virgin Orbit aims to enhance its operational efficiency by reducing manufacturing costs and turnaround time. Additionally, the company is expanding its air-launched system capabilities to multiple countries, including Australia, Brazil, and Japan.

Positive

• Successful completion of a full launch rehearsal on October 2.
• Track record of delivering 33 satellites to their intended orbits.
• Reduction in time and costs for manufacturing and launch operations.
• Expansion into international markets, enabling sovereign launch capabilities.

Negative

• None.

MOJAVE, Calif.--(BUSINESS WIRE)-- Virgin Orbit (Nasdaq: VORB), a leading responsive launch provider, announced today that its latest rocket has completed a full launch rehearsal and is now ready for flight. The window for the company’s next launch, planned to be the first orbital space launch from the U.K., will be determined by the launch permitting regulatory process.

Cosmic Girl carries Virgin Orbit's LauncherOne rocket across the California sky. (Photo: Business Wire)

This rehearsal marked the final major acceptance test of the rocket prior to mating to its carrier aircraft – an upcycled Boeing 747 dubbed “Cosmic Girl”– and beginning pre-launch operations. Meanwhile, integration of customer satellites into the rocket’s fairing is expected to begin this week in the newly inaugurated Space Systems Integration Facility (SSIF) at Spaceport Cornwall.

With its newest rocket to date, Virgin Orbit looks to build on an unblemished track record of successful operational orbital launches. To date, the company has delivered each of the thirty-three satellites it has carried precisely to its desired orbit. In doing so, Virgin Orbit’s air-launched system has illustrated the robustness of its system by proving its ability to fly through and above inclement weather, integrate rapid-call up payloads, and reach a broader range of orbits than would be possible from a traditional ground-launched system. Those proven capabilities are vital to the exciting, emerging markets in responsive and international launch.

The company’s most recent rocket completed its full wet dress rehearsal on October 2, three months after the successful launch of its Straight Up mission. This reduction of nearly half of the time required between the company’s previous missions, along with a significant decrease in the cost of manufacturing, continues the trend of the company’s rapid evolution into a higher operational cadence.

As an air-launched system, Virgin Orbit’s LauncherOne can turn nearly any airport into a spaceport. This capability creates a new level of mobility for satellite launch, thereby enabling sovereign launch capability in new markets. The launch from the Cornwall spaceport will demonstrate Virgin Orbit’s ability to enable virtually any country to become a space faring nation.

Once manufactured, integrated, and tested, a LauncherOne rocket can be sent off to any of a variety of locations for final preparation and launch, responding to the needs of the commercial, civil, and national security space communities.

In addition to the rapidly approaching mission that will bring orbital launch to the United Kingdom for the first time, Virgin Orbit has announced collaborative efforts to bring its unique air launch system to the nations of Australia, Brazil, Japan, Poland, and the Republic of Korea.

About Virgin Orbit

Virgin Orbit (Nasdaq: VORB) operates one of the most flexible and responsive space launch systems ever built. Founded by Sir Richard Branson in 2017, the Company began commercial service in 2021, and has already delivered commercial, civil, national security, and international satellites into orbit. Virgin Orbit’s LauncherOne rockets are designed and manufactured in Long Beach, California, and are air-launched from a modified 747-400 carrier aircraft that allows Virgin Orbit to operate from locations all over the world in order to best serve each customer’s needs. Learn more at www.virginorbit.com and visit us on LinkedIn, on Twitter @virginorbit, and on Instagram @virgin.orbit.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to the Company’s ability to access sources of capital; its ability to grow market share in the developing space economy; market acceptance of its current and planned products and services and ability to achieve sufficient production volumes, as well as the factors, risks and uncertainties included in the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2022, as well as in the Company’s subsequent filings with the Securities and Exchange Commission (the “SEC”), accessible on the SEC’s website at www.sec.gov and the Investor Information section of the Company’s website at www.virginorbit.com. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Virgin Orbit assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Virgin Orbit gives no assurance that it will achieve its expectations.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221005005294/en/

Alison Patch, Senior Director of Communications

+1-949-616-2504

Alison.patch@virginorbit.com

Amanda Horn, 4media

+1-775-636-2567

Amanda.horn@4media-group.com

Source: Virgin Orbit

FAQ

What is the significance of Virgin Orbit's recent launch rehearsal?

The successful rehearsal signifies readiness for the first orbital launch from the U.K., subject to regulatory approval.

When did Virgin Orbit complete its latest rocket rehearsal?

The full wet dress rehearsal was completed on October 2.

How many satellites has Virgin Orbit successfully launched?

Virgin Orbit has successfully delivered 33 satellites to their desired orbits.

What are Virgin Orbit's plans for international expansion?

Virgin Orbit plans to extend its launch capabilities to countries including Australia, Brazil, and Japan.

What is the stock symbol for Virgin Orbit?

The stock symbol for Virgin Orbit is VORB.