December 13, 2020 marked a major milestone in space exploration with Virgin Galactic, Richard Branson’s private spaceflight company, completing its first commercial suborbital flight into space and back. The spaceship left California’s Mojave Desert and returned sixty minutes later with two passengers aboard, marking the first time a commercial spacecraft had completed a successful mission… Continue reading Virgin Galactic’s Space Tourism Flights Won’t Be Bringing in the Dough
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Virgin Orbit
2020 has been a tumultuous year for a number of companies: from Virgin Orbit running low on cash to ByteDance pushing its TikTok replacement, and Canoo settling with the SEC. These events symbolize the resiliency of the tech industry in the face of adversity and the importance of staying ahead of the curve. In May… Continue reading Virgin Orbit
Virgin Orbit Reportedly Close to $200 Million Rescue Deal After Launch Failure
Virgin Orbit, the California-based small satellite launch service, is reportedly close to sealing a $200 million rescue deal after its first launch attempt failed. The company was tipped to be in advanced talks with a private investment group to secure the new funding. The news of the potential financial rescue comes in the wake of… Continue reading Virgin Orbit Reportedly Close to $200 Million Rescue Deal After Launch Failure
Virgin Orbit’s botched launch highlights shaky financial future
On the morning of May 25, Virgin Orbit, the space exploration company founded by billionaire Richard Branson, attempted its first ever rocket launch. The launch was intended to demonstrate the company’s ability to provide cost-effective launches to space. However, the attempt failed shortly after takeoff, ending any chance of success. The botched launch has become… Continue reading Virgin Orbit’s botched launch highlights shaky financial future