Virgin Orbit is a company within the Virgin Group which provides launch services for small satellites.
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11 Facts About Virgin Orbit
2.
Virgin Orbit focuses on small satellite launch, which was one of three capabilities being focused on by Virgin Galactic.
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3.
On 30 December 2021 Virgin Orbit became a publicly traded company at the NASDAQ stock exchange.
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4.
Virgin Orbit underwent a SPAC merger with NextGen Acquisition Corp.
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5.
II to become public; from its SPAC merger, Virgin Orbit raised $228 million or less than half than the $483 million it expected to raise.
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6.
Virgin Orbit said it had about $300 million in active contracts, and expected its rocket launch business to grow to about 18 launches in 2023.
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7.
Virgin Orbit expected to have about $15 million in revenue in 2021, with an EBITDA loss of $156 million; however, it aimed at further revenue growth, reaching $2.
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8.
Virgin Orbit aims to launch space flights from the United Kingdom at Spaceport Cornwall.
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9.
On 27 June 2022, Virgin Orbit announced a Brazil-based subsidiary, Virgin Orbit Brasil Ltda, which will facilitate launches from the Alcantara Launch Center.
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10.
In October 2019, Virgin Orbit announced that Matthew Stannard was joining as a pilot on a three-year contract.
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11.
At that time Virgin Orbit was about to start testing its Cosmic Girl launch platform.
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