Virgin Orbit Holdings, Inc.
VORBW
NASDAQ Global Market0.01
USD
- -
- -
CIK
0001843388
CUSIP
92771A119
Return %
Stock
S&P500
1Y
- -
24.99
3Y
-99.43
70.19
5Y
-99.51
77.45
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Dan Hart
- Full Time Employees
- 598
- Sector
- Industrials
- Industry
- Aerospace & Defense
- Address
- 4022 East Conant Street Long Beach CA United States of America 90808
- CIK
- 0001843388
- Website
- virginorbit.com
- Similar Companies
- Business
- Virgin Orbit Holdings, Inc. is a space launch company that specializes in providing dedicated small satellite launch services. Its primary products include the LauncherOne rocket, a two-stage air-launched vehicle deployed from the Cosmic Girl aircraft, designed to place payloads of up to 300 kg into low Earth orbit. The company also offers rideshare satellite launch services, space solutions, and operates civil and national security launch systems, with a subsidiary, VOX Space, focused on US military and defense contracts. Founded in 2017 as a spin-off from Virgin Galactic and headquartered in Long Beach, California, Virgin Orbit serves commercial, civil, government, and international customers globally. In recent years, Virgin Orbit achieved milestones such as completing 19 successful satellite launches, including contracts with NASA, the US Department of Defense, and international clients. In 2021, it became publicly traded following a business combination with NextGen Acquisition Corp. II, gaining access to public markets to scale its rocket manufacturing and expand product development. The company expanded its global launch capabilities through contracts with international entities like ANA Holdings in Japan and pursued a first launch from the UK at Spaceport Cornwall planned for 2022. However, since early 2023, Virgin Orbit has faced significant financial and operational challenges, including a failure to secure further investment leading to workforce reductions of approximately 85% and a temporary suspension of operations. The company sold some assets such as its modified 747 carrier jet and faced uncertainty about its cash position, with its future operations under substantial doubt as of 2023. Despite these challenges, Virgin Orbit remains notable for its innovative air-launch technology and diverse customer base across commercial, civil, and national security markets.