Sir Richard Branson’s aircraft-based satellite launching project, Virgin Orbit, is looking to raise up to $200 million, according to a report in the WSJ. Many of Branson’s projects, not least his airline businesses, have been hit hard by the Coronavirus. The WSJ says that Virgin Orbit (which suspends a powerful rocket from beneath one of […]
Arianespace’s multi-million Euro contract from OneWeb (currently in Chapter 11 bankruptcy reconstruction) has been heavily revised. OneWeb wants 3 less rocket launches. Each will carry 34-36 OneWeb satellites and the full OneWeb constellation should be in orbit by the end of 2022. The new launch manifest will see Arianespace carry out 16 launches on its […]
Prior to its Chapter 11 bankruptcy OneWeb, ordered up a series of 39 satellite launches in May 2015 from Sir Richard Branson’s Virgin Orbit aircraft-based rocket launch system. The Branson-backed business also invested in OneWeb and in return received launch options for an additional 100 aircraft-based rocket launches. However, OneWeb cancelled all the launches bar […]
Virgin Orbit, the satellite launch business headed by Sir Richard Branson, has reportedly hired a couple of investment banks. Normally this suggests the company is looking for strategic investors or perhaps even a sale or merger. According to Space Intel Report (SIR) the Branson company has hired Lion Tree Advisors as well as Perella Weinberg […]