The failure of Virgin Orbit's recent launch and the reasons behind it

InflationMoney Matters
Written By Jennifer Joslyn

🛰️ The failure of Virgin Orbit's recent launch and the reasons behind it.

Virgin Orbit is a subsidiary of the Virgin Group that offers launch services for small satellites through a unique air-launch system. Instead of using traditional rocket launches that require a launch pad and vertical takeoff, Virgin Orbit launches its rockets from a modified Boeing 747 aircraft called "Cosmic Girl". However, the company is now on the brink of bankruptcy, having fallen from a valuation of $4 billion to only $100 million in less than 2 years.

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Jennifer Joslyn
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