Virgin Orbit Holdings, Inc. designs and develops launch solutions for small satellites. It offers launch services for national security and defense; rideshare satellite launch services; civil spaceports; and space solutions. The company is headquartered in Long Beach, California.
IPO Year: 2021
Exchange: NASDAQ
Website: https://virginorbit.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
10/12/2022 | $1.00 | Underperform | Credit Suisse |
2/28/2022 | $20.00 | Buy | Canaccord Genuity |
Credit Suisse initiated coverage of Virgin Orbit Holdings with a rating of Underperform and set a new price target of $1.00
Canaccord Genuity initiated coverage of Virgin Orbit Holdings with a rating of Buy and set a new price target of $20.00
Virgin Orbit (NASDAQ:VORB) welcomes Maj. Gen. Kim Crider as the newest board member to its wholly owned subsidiary engaged with national security organizations in the United States and its allies, Virgin Orbit National Systems. Virgin Orbit National Systems, formerly known as VOX Space, is a U.S.-incorporated subsidiary of Virgin Orbit that provides the U.S. national security community and allied nations with responsive, dedicated and affordable launch services for small satellites bound for Low Earth Orbit. The appointment of Crider brings the board to three total members, all of whom having been leaders in national security space and former USAF Major Generals. "We are very pleased to w
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8-K - Virgin Orbit Holdings, Inc. (0001843388) (Filer)
8-K - Virgin Orbit Holdings, Inc. (0001843388) (Filer)
8-K - Virgin Orbit Holdings, Inc. (0001843388) (Filer)
8-K - Virgin Orbit Holdings, Inc. (0001843388) (Filer)
Virgin Orbit Holdings, Inc. (the "Company" or "Virgin Orbit"), a responsive space launch provider, announced today that it was notified by the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") that Nasdaq had determined to commence proceedings to delist the Company's common stock and warrants to purchase common stock as a result of the Company's commencement of voluntary proceedings under Chapter 11 of the United States Bankruptcy Code. Nasdaq also asserted that the Company is not compliant with Listing Rule 5250(c)(1) because it has not yet filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2022. Nasdaq informed the Company that trading
Secures $31.6 million in Debtor in Possession Financing to Fund the Process Virgin Orbit Holdings, Inc. and its U.S. subsidiaries, (the "Company" or "Virgin Orbit"), a responsive space launch provider, announced today that it commenced a voluntary proceeding under Chapter 11 of the U.S. Bankruptcy Code ("Chapter 11") in the United States Bankruptcy Court in the District of Delaware in order to effectuate a sale of the business. With the support of Virgin Investments Limited in the form of debtor-in-possession ("DIP") financing, Virgin Orbit intends to use the Chapter 11 process to maximize value for its business and assets. This announcement follows the Company's previous statement abou
On 9 January 2023, during the first attempted orbital launch from the United Kingdom, Virgin Orbit's LauncherOne experienced an anomaly, leading to a premature shutdown of the rocket and failure to reach orbit. Virgin Orbit began its investigation into the failure within hours of the conclusion of the mission, under the leadership of distinguished aerospace veteran Jim Sponnick and Virgin Orbit Chief Engineer Chad Foerster. The failure investigation team received immediate access to extensive telemetry data collected during the mission from the ground stations in the UK, Ireland, and Spain, as well as systems onboard its carrier aircraft, providing a robust dataset that the investigation t
Virgin Orbit (NASDAQ:VORB) and Poland-based satellite manufacturer SatRev announced a follow-on launch services agreement (LSA) for additional launches of SatRev's satellites in 2023 and beyond. This new agreement provides SatRev with the flexibility to launch 500 kg over multiple launches to a variety of different orbital planes from the Mojave Air and Space Port in California, USA and/or from other international launch sites as they come online with mission requirements. Four satellites built by SatRev have already been delivered to Low Earth Orbit by Virgin Orbit's LauncherOne system onboard missions Tubular Bells and Above the Clouds. The parties anticipate launching a new batch of Sat
Mission terminated after reaching space but prior to achieving orbit as a result of premature shutdown of first burn of second stage Prior to Start Me Up mission, every customer satellite launched by Virgin Orbit had reached its desired orbit Virgin Orbit has begun an internal investigation into root causes Pending satisfactory conclusion of failure investigation and completion of corrective actions and mission assurance processes, Virgin Orbit plans its next launch from Mojave Discussions have begun for anticipated future return to Spaceport Cornwall Preliminary analysis of data from the Start Me Up mission has begun to shed light on the outcome of the January 9th flight and nex
The historic first attempt to launch satellites from British soil reached space late last night, but ultimately fell short of reaching its target orbit. After successfully taking off from the runway at Spaceport Cornwall – which just a few weeks ago was transformed from a mere slab of empty cement at a commercial airport to the world's newest space launch operations center – and travelling to the designated drop zone, Cosmic Girl, the customized 747 that serves as the LauncherOne system's carrier aircraft, successfully released the rocket. The rocket then ignited its engines, quickly going hypersonic and successfully reaching space. The flight then continued through successful stage separ
UK's first mission partners announce the official opening of the Start Me Up launch window for January 9, 2023. Partners for the United Kingdom's first orbital launch announced today that the initial window for the historic Start Me Up mission will officially open on Monday, 9 January at 22:16 UTC with additional back-up dates continuing into mid and late January. Start Me Up is a collaborative effort between the United Kingdom Space Agency (UKSA), Cornwall Council, the Royal Air Force, and Virgin Orbit (NASDAQ:VORB). The Start Me Up mission will carry satellites from seven customers to space, including commercial and government payloads from several nations and a collaborative US-UK miss
The U.K. Civil Aviation Authority has issued launch and range control licenses to Virgin Orbit (NASDAQ:VORB) to undertake the first satellite launch from UK soil. The granting of these licenses represents a major step forward for the historic Start Me Up mission, and reflects the CAA's concurrence that all reasonable steps have been taken by Virgin Orbit to ensure the desired safety, security, and environmental stewardship of what is expected to be the first orbital launch ever conducted from western Europe. Virgin Orbit's LauncherOne system is currently at Spaceport Cornwall in the U.K. and preparing to roll out to mate to its 747-400 carrier aircraft for final launch rehearsals and, ulti
Virgin Orbit (NASDAQ:VORB) ("Virgin Orbit" or the "Company") today announced that Chief Executive Officer, Dan Hart, will present at the SHARE Series Conference, held virtually, on Monday, December 5, 2022 at 10:30 a.m. Eastern Time. A live webcast will be available at https://www.openexchange.tv/share-series or the "Events" section at https://investors.virginorbit.com/news-events/ir-calendar. An archived replay will be available on the SHARE Conference website for approximately 90 days following the event. ABOUT VIRGIN ORBIT Virgin Orbit (NASDAQ:VORB) operates one of the most flexible and responsive space launch systems ever built. Founded by Sir Richard Branson in 2017, the company beg
Virgin Orbit (NASDAQ:VORB), today announced that Chief Executive Officer, Dan Hart, will present at the Morgan Stanley Space Summit on Tuesday, December 6, 2022 at 8:15 a.m. Eastern Time. One-on-one meetings will be held in addition to the presentation. To schedule a one-on-one meeting, please contact [email protected]. ABOUT VIRGIN ORBIT Virgin Orbit (NASDAQ:VORB) operates one of the most flexible and responsive space launch systems ever built. Founded by Sir Richard Branson in 2017, the company began commercial service in 2021, and has already delivered commercial, civil, national security, and international satellites into orbit. Virgin Orbit's LauncherOne rockets are designed
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Business Highlights: July 1, 2022 delivered seven satellites for the Department of Defense Space Test Program (STP) - fourth consecutive successful launch Strong Q3 revenue - $30.9 million Signed multi-year launch contract with Spire Global Signed international spaceport agreements with Australia, Luxembourg, and South Korea LauncherOne system on-site at Spaceport Cornwall for upcoming UK launch $25 million investment from Virgin Investments, a part of the Virgin Group Virgin Orbit (NASDAQ:VORB) ("Virgin Orbit" or the "Company"), today announced its financial results for the third quarter ended September 30, 2022. Virgin Orbit's Chief Executive Officer, Dan Hart, commented, "
Virgin Orbit (NASDAQ:VORB) ("Virgin Orbit" or the "Company") announced today that it will report financial results for the third quarter ended September 30, 2022 after the market closes on Monday, November 7, 2022. The Company will host a webcast and conference call on the same day at 4:30 pm Eastern Time to discuss the results. A live webcast and replay will also be available at https://investors.virginorbit.com/news-events/ir-calendar. ABOUT VIRGIN ORBIT Virgin Orbit (NASDAQ:VORB) operates one of the most flexible and responsive space launch systems ever built. Founded by Sir Richard Branson in 2017, the company began commercial service in 2021, and has already delivered commercial, ci
Business Highlights: Completed fourth consecutive successful launch in 18 months on July 1, 2022; delivered satellites for the Department of Defense Space Test Program (STP) Signed binding launch contract with iQPS for launch of synthetic aperture radar satellites Announced NRO, U.S. Space Force, UK MoD, and commercial payloads for Cornwall, UK launch Established new Brazilian subsidiary and received launch operator's license Continued international momentum with signed study for South Korean spaceport Virgin Orbit (NASDAQ:VORB) ("Virgin Orbit" or the "Company"), the responsive space flight and services company, today announced its financial results for the second quarter ended
Virgin Orbit (NASDAQ:VORB) ("Virgin Orbit" or the "Company") announced today that it will report financial results for the second quarter ended June 30, 2022, after the market closes on Friday, August 12, 2022. The Company will host a webcast and conference call on the same day at 4:30 pm Eastern Time to discuss the results. Participants located in the United States may access the call by dialing 1-877-407-0792. International callers may access the call by dialing 1-201-689-8263. A live webcast link will also be available at https://investors.virginorbit.com/news-events/ir-calendar. A telephonic replay will be available from 7:30 pm Eastern Time on Friday, August 12, 2022 until 11:59 pm E
Q1 Business Highlights: Completed third consecutive successful launch on January 13, 2022; delivered satellites for the DoD, NASA, and a commercial customer Selected by NASA to provide launch services for the VADR missions Added Poland and Oman to list of potential Spaceports Announced payloads for first launch from UK Virgin Orbit (NASDAQ:VORB) ("Virgin Orbit" or the "Company"), the responsive space flight and services company, today announced its financial results for the first quarter ended March 31, 2022. Virgin Orbit's Chief Executive Officer, Dan Hart, commented, "We had a strong start to the year, beginning with our third consecutive successful launch. As we ramp productio
Virgin Orbit (NASDAQ:VORB) ("Virgin Orbit" or the "Company"), announced today that it will report financial results for the first quarter ended March 31, 2022, after the market closes on Wednesday, May 11, 2022. The Company will host a conference call on the same day at 4:30 pm Eastern Time to discuss the results. Participants may access the call at 1-877-407-0792, international callers may use 1-201-689-8263, and request to join the Virgin Orbit earnings call. A live webcast will also be available at https://investors.virginorbit.com/news-events/ir-calendar. A telephonic replay will be available shortly after the conclusion of the call and until Wednesday, May 25, 2022. Participants may
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. 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 ende
Virgin Orbit (NASDAQ:VORB) ("Virgin Orbit" or the "Company"), announced today that it will report financial results for the fourth quarter and full year ended December 31, 2021, after the market closes on Tuesday, March 29, 2022. The Company will host a conference call on the same day at 4:30 pm Eastern Time to discuss the results. Participants may access the call at 1-877-407-0792, international callers may use 1-201-689-8263, and request to join the Virgin Orbit earnings call. A live webcast will also be available at https://investors.virginorbit.com/news-events/ir-calendar. A telephonic replay will be available shortly after the conclusion of the call and until Tuesday, April 12, 2022.
Virgin Orbit Holdings Inc (OTC:VORB), along with its subsidiaries in the U.S., has filed a Chapter 11 bankruptcy plan in the District of Delaware. VORB had filed for Chapter 11 bankruptcy on April 4, 2023, a day after flagging substantial doubt about its ability to continue as a going concern for at least 12 months. The company is also pursuing a competitive sale process to maximize value for all stakeholders. VORB proposed a May 4, 2023, deadline for indications of interest and has asked the Court to approve bid procedures, including a bid deadline of May 14, 2023. Also Read: Virgin Orbit's Legal Showdown: Bankruptcy Triggers Threat of Action Against Prospective Investor "We continue
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