The Edge
Here’s what went wrong with Virgin Orbit
Virgin Orbit crew poses at the opening bell ceremony as a 70 foot model rocket with satellites is placed in front of the NASDAQ in Times Square of New York City, United States on January 7, 2022. Tayfun Coskun | Anadolu Agency | Getty Images Not too long ago, Virgin Orbit was in rarified air […]
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Virgin Orbit fails to secure funding, will cease operations and lay off 90% of workforce
The company’s 747 jet “Cosmic Girl” releases a LauncherOne rocket in mid-air for the first time during a drop test in July 2019. Greg Robinson / Virgin Orbit Virgin Orbit is ceasing operations “for the foreseeable future” after failing to secure a funding lifeline, CEO Dan Hart told employees during an all-hands meeting on Thursday […]
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Satellite imagery venture Planet reports record quarterly revenue to cap strong year
The New York Stock Exchange welcomes Planet (NYSE: PL), on Wed. Dec. 8th, in celebration of its listing. To honor the occasion, Will Marshall, Co-Founder & CEO, and Robert Schingler Jr., Co-Founder & Chief Strategy Officer, joined by Stacey Cunningham, NYSE President, ring The Opening Bell®. NYSE Planet on Wednesday delivered another record quarter of […]
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Space infrastructure company Redwire trims quarterly losses, builds order backlog
Pete Cannito, Redwire Corporation at the New York Stock Exchange, September 8, 2021. Source: NYSE Space infrastructure company Redwire reported fourth-quarter results on Wednesday, saying it further trimmed its losses and built its order backlog. After rising as much as 10% in premarket trading, Redwire stock fell slightly soon after the opening bell. related investing […]
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Virgin Orbit extends unpaid pause as Brown deal collapses, ‘dynamic’ talks continue
NEWQUAY, ENGLAND – JANUARY 09: A general view of Cosmic Girl, a Boeing 747-400 aircraft carrying the LauncherOne rocket under its left wing, as final preparations are made at Cornwall Airport Newquay on January 9, 2023 in Newquay, United Kingdom. Virgin Orbit launches its LauncherOne rocket from the spaceport in Cornwall, marking the first ever […]
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Space companies Spire and Momentus get stock exchange delisting warnings
Spire Global at the New York Stock Exchange, August 17, 2021. Source: NYSE A pair of space companies received delisting warnings on Friday, according to securities filings, as both ventures’ stock prices stood below $1 a share. Small satellite builder and data specialist Spire Global received a notice from the New York Stock Exchange, while […]
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Rocket Lab targets $50 million launch price for Neutron rocket to challenge SpaceX’s Falcon 9
Rocket Lab is building a bigger, reusable launch vehicle called Neutron, and it’s targeting a price point near $50 million per launch to challenge Elon Musk’s SpaceX. “We are positioning Neutron to compete directly with the Falcon 9,” Rocket Lab Chief Financial Officer Adam Spice said earlier this week, speaking at a Bank of America […]
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Blue Origin says an overheated engine part caused last year’s cargo rocket failure
The moment of the anomaly during the New Shepard cargo mission NS-23, in which the booster’s engine failed. Blue Origin Jeff Bezos’ space company Blue Origin released findings from an investigation into the failed flight of a cargo mission last year, which it says was due to an issue in the rocket’s engine nozzle. The […]
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Relativity’s first 3D-printed rocket launches successfully but fails to reach orbit
The company’s Terran 1 rocket lifts off from LC-16 at Cape Canaveral, Florida. Relativity Space Relativity Space, a 3D-printing specialist, launched the inaugural flight of its Terran 1 rocket late on Wednesday night, which successfully met some mission objectives before failing to reach orbit. Terran 1 lifted off from LC-16, a launchpad at the U.S. […]
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Virgin Orbit raising $200 million from investor Matthew Brown, closing deal as soon as Thursday
A general view of Cosmic Girl, a repurposed Boeing 747 aircraft carrying the LauncherOne rocket under its left wing, as final preparations are made at Cornwall Airport Newquay on January 9, 2023 in Newquay, United Kingdom. Matthew Horwood | Getty Images Virgin Orbit is in final talks to raise funds from Texas-based investor Matthew Brown, […]
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