• Successfully launched 7 customer satellites onboard its LauncherOne rocket during the Above the Clouds mission on January 13, 2022, the company’s third successful launch.
• Full year 2021 revenue increased to $7.4 million, up from $3.8 million in the prior year period.
• Growing backlog of contracts, including selection by NASA’s launch service program to support the agency’s VADR missions.
• Completed its going public transaction and began trading on the Nasdaq stock exchange on December 30, 2021.

LONG BEACH, Calif. (Virgin Orbit PR) — Virgin Orbit (Nasdaq: VORB) (“Virgin Orbit” or the “Company”), the responsive launch and space solutions company, today announced its financial results for the fourth quarter and full year ended December 31, 2021.

by Douglas MessierManaging Editor Virgin Orbit’s debut on the NASDAQ stock exchange wasn’t exactly stellar. The stock opened at $9.18 when trading began on Thursday, Dec. 30. It reached a low of $8.04 when trading ended the following day befrore rising to $8.30 in after-hours trading. Richard Branson’s launch company went public after merging with NextGen Acquisition Corp. II, a special purpose acquisition company (SPAC) that was already traded on […]

LONG BEACH, Calif. & BOCA RATON, Fla. (NextGen Acquisition/Virgin Orbit PR) — NextGen Acquisition Corp. II (NASDAQ: NGCA) (“NextGen”) today announced the closing of its business combination with Vieco USA, Inc., the parent company of Virgin Orbit (“Virgin Orbit” or the “Company”).

As of the closing of the transaction, which was approved by NextGen stockholders on December 28, 2021, NextGen has changed its name to “Virgin Orbit Holdings, Inc.” Virgin Orbit’s common stock and warrants are expected to begin to trade on the NASDAQ Stock Market (“NASDAQ”) on December 30, 2021, under the ticker symbols “VORB” and “VORBW”, respectively.

by Douglas Messier
Managing Editor

In a clear sign of investor skepticism, Richard Branson’s Virgin Orbit will receive only about $228 million of the $483 million in growth capital it expected after merging with the NextGen Acquisition II special purpose acquisition company (SPAC).

MOJAVE, Calif. (Virgin Orbit PR) — Yesterday, Virgin Orbit, which has announced a planned business combination with NextGen Acquisition Corp. II (“NextGen”) (NASDAQ: NGCA), completed a full wet dress rehearsal of its air-launched LauncherOne satellite delivery service, taking the integrated system through a full run of procedures to verify the health of the system and the preparedness of the team.

Virgin Orbit and Arqit Quantum announce an extension to their collaboration that will accelerate space-based encryption services to private, defense, and intelligence customers globally.

• Arqit has contracted exclusively with Virgin Orbit for Arqit’s launch needs for up to 5 launches from Spaceport Cornwall beginning in 2023.
• Virgin Orbit has acquired a quantum cloud encryption license from Arqit to provide encryption protection for its launch and space solutions businesses.
• The two companies have previously announced a $5 million investment from Virgin Orbit into Arqit’s SPAC.

LONG BEACH, Calif. (Virgin Orbit PR) — Virgin Orbit, the responsive launch and space solutions company that has announced a planned business combination with NextGen Acquisition Corp. II (“NextGen”) (NASDAQ: NGCA), has signed a new launch contract covering two dedicated launches for Arqit Quantum, Inc. (NASDAQ: ARQQ), a global leader in quantum encryption technology, plus additional commitments. The two Arqit satellites delivered to Earth orbit by Virgin Orbit’s LauncherOne air-launched system will be the core component of Arqit’s Platform-as-a-Service, delivering the root source of randomness to all Arqit data centres using Arqit’s ground breaking Quantum protocol ARQ19.

LONG BEACH, Calif., 21 December 2021 (Virgin Orbit PR) – Virgin Orbit, the US-based responsive launch and space solutions company that has announced a planned business combination with NextGen Acquisition Corp. II (“NextGen”) (NASDAQ: NGCA), announced today the signing of a termsheet establishing a close and multi-faceted partnership with Horizon Technologies (“Horizon”), the UK-based global leader in innovative space-based Maritime Domain Awareness (“MDA”) through signals intelligence. According to the agreement, Virgin Orbit will become Horizon’s preferred launch partner, will take an equity stake in the company, and will appoint a Virgin Orbit representative to Horizon’s board of directors. Horizon currently plans to take advantage of LauncherOne’s unique ability to reach tailored orbits for at least five launches.

by Douglas Messier
Managing Editor

Virgin Orbit has delayed its next satellite launch, originally set for Wednesday, Dec. 22, to next month. The launch will come after shareholders of NextGen Acquisition Corp. II vote on Dec. 28 on whether to merge with Richard Branson’s launch services provider.

The merger with the special purpose acquisition company would allow Virgin Orbit to go public on Nasdaq under its own name. The deal will provide $483 million in capital to allow the company to grow.

• Transaction cements strategic partnership between SatRevolution and Virgin Orbit
• The total Series B fundraise is estimated to close at $30 million
• Investment values SatRevolution at $150 million

PARIS, 14 DECEMBER 2021 (Virgin Orbit/SatRevolution PR) – SatRevolution S.A. (“SatRev or the “Company”), a Polish developer and manufacturer of nanosatellites and nanosatellite technologies, today announced that it has secured Series B funding (the “Transaction”) from Virgin Orbit, the US-based responsive launch and space solutions company that has announced a planned business combination with NextGen Acquisition Corp. II (“NextGen”) (NASDAQ: NGCA). The Transaction values SatRev at approximately $150 million, and will support SatRev’s business development.

PARIS, 15 DECEMBER 2021 (Virgin Orbit PR) – Virgin Orbit, the responsive launch and space solutions company that has announced a planned business combination with NextGen Acquisition Corp. II (“NextGen”) (NASDAQ: NGCA), announced today an agreement to acquire a 17.5% stake in geospatial analytics company Hypersat LLC (“Hypersat”).

This investment will further expand Virgin Orbit’s space solutions business by providing highly accurate electro-optic and hyperspectral imagery capabilities, which can provide vital information to customers in the agriculture, defense, energy, insurance, and minerals industries, among others. The investment by Virgin Orbit is part of the company’s strategy to leverage the relationships with its satellite launch customers and space solutions end users. As part of that strategy, Virgin Orbit has previously announced investments in ArQit Quantum, SatRevolution, and Sky and Space Global.