The recent initial public offering for Virgin Orbit, a commercial space launch company that spun-off from Richard Branson’s Virgin Galactic, did not go as well as planned. IG International reported that Virgin Orbit had hoped to raise $483 million as part of the public offering, but only raised $228 million. Moreover, the stock is down about 20 percent.
Virgin Orbit has already had some successfully launches from its modified Boeing 747, but the space launch industry is getting crowded and risky.
In June 2021, Virgin Orbit’s Tubular Bells: Part One mission for the US Department of Defense placed seven satellites to Low Earth Orbit – four R&D CubeSats for the US Department of Defense, two optical satellites for SatRevolution, and the Royal Netherlands Air Force’s first military satellite. You can learn more about the past and planned US Department of Defense and NASA launches here.