/r/VirginOrbit

Photograph via snooOG

Virgin Orbit was a company, formerly a division of Virgin Galactic, focusing on developing and providing the air-launched small satellite launching rocket LauncherOne.

It went bankrupt and shut down operations in May 2023.

Virgin Orbit was a company, formerly a division of Virgin Galactic, focusing on developing and providing the air-launched small satellite launching rocket LauncherOne.

It went bankrupt and shut down operations in May 2023.

/r/VirginOrbit

1,123 Subscribers

0

Stock $SPCE (Virgin Galactic) Massive Pump 💸 How To Catch Trend Reversals With This Strategy!

1 Comment
2024/05/05
15:31 UTC

2

Virgin orbit comic

I have this comic from the virgin orbit kernow launch in Cornish still sealed does anyone know if it is worth anything

5 Comments
2024/03/07
21:23 UTC

7

Any former employees get a 1099 for the worthless stock?

Wondering if we are supposed to be getting one?

2 Comments
2024/01/23
01:37 UTC

0

Virgin Faces Lawsuit Over SPAC

The news for Virgin investors, maybe for some of you would be useful.

So, as you remember (if you weren't born yesterday tho) Virgin Galactic had big plans for commercial flights, but in August last year, they delayed those space trips to H1 2023, after that SPCE dropped.

And also Virgin Galactic said the ships they built didn't quite match the drawings actually. The Canaccord Genuity analyst added that the engineering team noticed some weird measurements, causing changes and a downgrade in the price target.

In short, they painted a picture of success, talking about a system ready for passengers, but it turns out they might not have had accurate engineering drawings for Unity or Eve.

So, at this point investors have filed a lawsuit and if you held Virgin or damaged somehow you can check it. Hope it'll help y'all.

2 Comments
2023/11/29
23:13 UTC

13

As one Long Beach space firm implodes, another seizes an opportunity

Pretty interesting article:

https://lbbusinessjournal.com/aerospace/rocket-lab-virgin-orbit-long-beach/

Rocketlab says Virgin Orbit was massively overcapitalised.

“For every one [piece of equipment] we have here, there might be five over there,” Spice said, comparing his company’s headquarters to the old Virgin Orbit facility. “I think they took a ‘Jurassic Park, spare no expense’ approach.”

It seems like Virgin Orbit just had a terrible strategy of ramping up to a massive scale without actually proving the product or market, which was doubly crazy when they didn't raise the money that they expected from their SPAC.

2 Comments
2023/07/16
03:17 UTC

11

To any other ex-employee

I hope everyone is doing good if not even better than we were at before

4 Comments
2023/07/11
20:46 UTC

2

Debt forgiveness

When to expect an update on the possible debt forgiveness? Any idea? Best P

4 Comments
2023/06/11
21:20 UTC

8

technology page has been removed from virginorbit.com

3 Comments
2023/06/11
03:03 UTC

4

Can someone explain what's happening behind the scenes? Is this normal? Non tradable, but yet a 490% increase. Just curious.

38 Comments
2023/06/07
17:37 UTC

11

Virgin Orbit statement: "The company will sell its assets to four winning bidders and will cease operations."

3 Comments
2023/05/24
06:35 UTC

0

Could Virgin Orbit initiate a double SPAC merger agreement?

Literlaly only way I think of for Virgin Orbit to continue as a company. Double SPACs are a reality but would be highly unsual for a company which has filed for Chapter 11 bankruptcy and been forcefully delisted. Given that the company's CEO (Dan Hart) recently held a company meeting in which he outlied their intent to return to flight, I feel a double SPAC merger would be the best way forward for the company.

8 Comments
2023/04/13
01:20 UTC

3

Is Virgin Orbit somehow hinting a return to flight?

8 Comments
2023/04/11
17:54 UTC

2

SEC Form 3 filings

What do the Form 3's from Jill Kathleen Frizzley and Alan Jeffery Carr (so far) mean? Are they Ch 11-specific Directors?

[Context: I am a space fanatic who expects 95%+ of my speculative space investments to crash--sometimes literally--and still waiting for one of the < 5% 'ers to pop up its head. I only dumped a few grand ($'s for my non-US friends) into this so I am following its "trajectory into the dirt" as an education opportunity.]

0 Comments
2023/04/11
02:16 UTC

12

Michael Sheetz: Nasdaq is suspending Virgin Orbit $VORB stock after the company's Ch. 11 filing, starting April 13. Virgin Orbit is appealing Nasdaq's plan to delist the stock, as well.

3 Comments
2023/04/11
00:24 UTC

0

what's the difference between virgin orbit and virgin galactic?

20 Comments
2023/04/07
00:18 UTC

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