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DateInvestorsAmountRound
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N/A

Corporate spinout

N/A

Late VC

$9.5m

Grant

$100m

SPAC Private Placement

$3.2b

SPAC IPO
*

$25.0m

Post IPO Convertible
*

$20.0m

Post IPO Convertible
*

$10.0m

Post IPO Convertible
Total Funding€99.5m

Recent News about Virgin Orbit

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More about Virgin Orbitinfo icon
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Virgin Orbit, founded by Sir Richard Branson in 2017, is a pioneering company in the space launch industry. The company began its commercial operations in 2021 and has quickly established itself as a leader in providing flexible and responsive space launch services. Virgin Orbit's unique approach involves launching small satellites into orbit using a modified Boeing 747 aircraft named "Cosmic Girl," which serves as a mobile launch platform. This method allows the company to offer more adaptable and cost-effective launch solutions compared to traditional ground-based rocket launches.

Virgin Orbit primarily serves a diverse range of clients, including commercial enterprises, civil organizations, and national security agencies. These clients require reliable and timely access to space for various purposes, such as telecommunications, Earth observation, and scientific research. The company's market is the rapidly growing small satellite launch sector, which is driven by the increasing demand for satellite-based services and the miniaturization of satellite technology.

The business model of Virgin Orbit revolves around providing end-to-end launch services. This includes everything from the initial planning and payload integration to the actual launch and deployment of satellites into their designated orbits. The company generates revenue by charging clients for these comprehensive launch services. The flexibility of using an airborne launch platform allows Virgin Orbit to offer competitive pricing and schedule launches with greater frequency and precision.

In summary, Virgin Orbit is a trailblazer in the space launch industry, offering innovative and flexible solutions for deploying small satellites. By leveraging its unique air-launch system, the company caters to a wide range of clients and capitalizes on the growing demand for satellite services. Virgin Orbit's business model focuses on providing complete launch services, ensuring a steady stream of revenue from its diverse client base.

Keywords: space launch, small satellites, flexible services, airborne platform, commercial clients, civil organizations, national security, innovative solutions, cost-effective, end-to-end services.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Virgin Orbit

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