• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishGo to App
    Quantisnow Logo

    © 2026 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI superconnector for talent & startupsNEWLLM Arena
    Legal
    Terms of usePrivacy policyCookie policy

    Update on "Start Me Up" Mission Anomaly

    1/12/23 7:00:00 AM ET
    $VORB
    Get the next $VORB alert in real time by email
    • 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 next steps to follow.

    Mission Recap

    The Start Me Up mission was the first orbital launch attempt in history conducted from western Europe. The flight was conducted by Virgin Orbit's air-launched LauncherOne system from the newly commissioned Spaceport Cornwall in the UK, which just a few weeks ago was transformed from a mere slab of empty cement at a commercial airport into the world's newest space launch operations center.

    After successfully proceeding through pre-launch operations and taking off as planned from the runway at Spaceport Cornwall, Virgin Orbit's carrier aircraft traveled to the bespoke drop zone selected for this mission and successfully released the rocket.

    The rocket then ignited its first stage engine, quickly going hypersonic and successfully completing the stage one burn. Initial data assessments indicate that the first stage of the rocket performed as expected, that the rocket reached space altitudes, and that stage separation, ignition of the upper stage, and fairing separation similarly occurred per the planned mission timeline.

    Later in the mission, at an altitude of approximately 180 km, the upper stage experienced an anomaly. This anomaly prematurely ended the first burn of the upper stage. This event ended the mission, with the rocket components and payload falling back to Earth within the approved safety corridor without ever achieving orbit.

    Virgin Orbit's carrier aircraft and its crew returned safely to Spaceport Cornwall.

    Update on the Investigation and Next Steps

    Extensive telemetry coverage for the flight allowed for the collection of an enormous quantity of data during the mission, allowing Virgin Orbit's engineers and review board members to start their analysis immediately upon detection of the anomaly.

    Virgin Orbit has initiated a formal investigation into the source of the second stage failure, to be led by Jim Sponnick (Co-Investigator), a distinguished aerospace veteran who was instrumental in the development and operations of the Atlas II, III and V launch systems and operations of the Delta II and IV launch systems and Chad Foerster (Principal Investigator), Virgin Orbit's Chief Engineer and Vice President of Technology Development. An extensive fault analysis and investigation and completion of all required corrective actions identified during the investigation will be completed prior to the next flight.

    Virgin Orbit is continuing to process its next scheduled rocket through final integration and checkout ahead of its upcoming mission, which is planned to occur from the Mojave Air and Space Port in California.

    Virgin Orbit also anticipates returning to Spaceport Cornwall for additional launches, and is in active discussions with key government and commercial stakeholders in the UK to start planning mission opportunities for as soon as later this year.

    Dan Hart, CEO of Virgin Orbit, said: "We are all disappointed that we were not able to achieve full mission success and provide the launch service that our customers deserve. Upon identifying the anomaly, our team immediately moved into a pre-planned investigation mode. Given our four previous successful missions, which have proven our technology, our team's deep understanding of the LauncherOne system from massive amounts of previously collected flight data, and the ample telemetry data that was collected characterizing the flight and the anomaly, I am confident that root cause and corrective actions will be determined in an efficient and timely manner. We are continuing to process and test our next vehicle per our plan and will implement any required modifications prior to our next launch.

    "I also want to express my heartfelt appreciation to our team, who worked tirelessly under high pressure and difficult conditions, and most importantly to our customers, supporters, and partners in the UK, the US, and across the world. We thank you for the many expressions of confidence and support we have received over the past two days."

    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 and manufactured in Long Beach, California, and are air-launched from a modified 747-400 carrier aircraft that allows Virgin Orbit to operate from locations all over the world in order to best serve each customer's needs. Learn more at www.virginorbit.com and visit us on LinkedIn, on Twitter @virginorbit, and on Instagram @virgin.orbit.

    CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

    This press release contains certain forward-looking statements within the meaning of the federal securities laws. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release other than statements of historical fact should be considered forward-looking statements, including, without limitation, statements regarding our expectations regarding the timing and results of our investigation regarding the Start Me Up mission, timing and locations of future launches and the reliability and outcome of future launch systems and missions. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to the ability of Virgin Orbit Holdings, Inc. ("Virgin Orbit" or the "Company") to access sources of capital; its ability to grow market share in the developing space economy; market acceptance of its current and planned products and services and ability to achieve sufficient production volumes, as well as the factors, risks and uncertainties included in the Company's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2022 as well as in the Company's subsequent filings with the Securities and Exchange Commission (the "SEC"), accessible on the SEC's website at www.sec.gov and the Investor Information section of the Company's website at www.virginorbit.com. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Virgin Orbit assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Virgin Orbit gives no assurance that it will achieve its expectations.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20230112005337/en/

    Get the next $VORB alert in real time by email

    Crush Q1 2026 with the Best AI Superconnector

    Stay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Standout.work

    Recent Analyst Ratings for
    $VORB

    DatePrice TargetRatingAnalyst
    10/12/2022$1.00Underperform
    Credit Suisse
    2/28/2022$20.00Buy
    Canaccord Genuity
    More analyst ratings

    $VORB
    SEC Filings

    View All

    SEC Form EFFECT filed by Virgin Orbit Holdings Inc.

    EFFECT - Virgin Orbit Holdings, Inc. (0001843388) (Filer)

    8/7/23 12:15:07 AM ET
    $VORB

    SEC Form 15-12G filed by Virgin Orbit Holdings Inc.

    15-12G - Virgin Orbit Holdings, Inc. (0001843388) (Filer)

    8/2/23 4:29:57 PM ET
    $VORB

    SEC Form S-8 POS filed by Virgin Orbit Holdings Inc.

    S-8 POS - Virgin Orbit Holdings, Inc. (0001843388) (Filer)

    8/2/23 4:27:57 PM ET
    $VORB

    $VORB
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    View All

    SEC Form 3 filed by new insider Carr Alan Jeffrey

    3 - Virgin Orbit Holdings, Inc. (0001843388) (Issuer)

    4/10/23 6:03:25 PM ET
    $VORB

    SEC Form 3 filed by new insider Frizzley Jill Kathleen

    3 - Virgin Orbit Holdings, Inc. (0001843388) (Issuer)

    4/10/23 1:48:00 PM ET
    $VORB

    SEC Form 4 filed by Virgin Investments Ltd

    4 - Virgin Orbit Holdings, Inc. (0001843388) (Issuer)

    4/3/23 7:57:56 PM ET
    $VORB

    $VORB
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    View All

    Credit Suisse initiated coverage on Virgin Orbit Holdings with a new price target

    Credit Suisse initiated coverage of Virgin Orbit Holdings with a rating of Underperform and set a new price target of $1.00

    10/12/22 7:22:35 AM ET
    $VORB

    Canaccord Genuity initiated coverage on Virgin Orbit Holdings with a new price target

    Canaccord Genuity initiated coverage of Virgin Orbit Holdings with a rating of Buy and set a new price target of $20.00

    2/28/22 6:12:31 AM ET
    $VORB

    $VORB
    Press Releases

    Fastest customizable press release news feed in the world

    View All

    Virgin Orbit Announces Receipt of Nasdaq Delisting Notice

    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

    4/10/23 5:51:00 PM ET
    $VORB

    Virgin Orbit to Continue Sale Process Under Chapter 11 Protection

    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

    4/4/23 1:53:00 AM ET
    $VORB

    Virgin Orbit Update on UK Mission Anomaly

    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

    2/14/23 4:34:00 PM ET
    $VORB

    $VORB
    Financials

    Live finance-specific insights

    View All

    Virgin Orbit Announces Third Quarter 2022 Financial Results

    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, "

    11/7/22 4:05:00 PM ET
    $VORB

    Virgin Orbit Announces Date for Third Quarter 2022 Earnings Release and Conference Call

    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

    10/26/22 9:35:00 AM ET
    $VORB

    Virgin Orbit Announces Second Quarter 2022 Financial Results

    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

    8/12/22 4:05:00 PM ET
    $VORB

    $VORB
    Leadership Updates

    Live Leadership Updates

    View All

    Virgin Orbit National Systems Welcomes Major General Kim Crider to the Board

    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

    5/5/22 8:05:00 AM ET
    $VORB

    $VORB
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    View All

    SEC Form SC 13D/A filed by Virgin Orbit Holdings Inc. (Amendment)

    SC 13D/A - Virgin Orbit Holdings, Inc. (0001843388) (Subject)

    4/3/23 5:05:36 PM ET
    $VORB

    SEC Form SC 13D/A filed by Virgin Orbit Holdings Inc. (Amendment)

    SC 13D/A - Virgin Orbit Holdings, Inc. (0001843388) (Subject)

    3/2/23 5:29:40 PM ET
    $VORB

    SEC Form SC 13D/A filed by Virgin Orbit Holdings Inc. (Amendment)

    SC 13D/A - Virgin Orbit Holdings, Inc. (0001843388) (Subject)

    2/1/23 4:22:19 PM ET
    $VORB