Virgin Orbit Holdings, Inc.
NASDAQ Global MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Daniel M. Hart
- Full Time Employees
- 660
- Sector
- Industrials
- Industry
- Aerospace & Defense
- Address
- 4022 East Conant Street Long Beach CA United States of America 90808
- IPO Date
- Dec 27, 2021
- CIK
- 0001843388
- Website
- virginorbit.com
- Similar Companies
- Business
- Virgin Orbit Holdings, Inc. operates as a vertically integrated aerospace company specializing in responsive space launch systems primarily targeting the small satellite market. The company manufactures and operates the air-launch system LauncherOne, a two-stage rocket designed to deliver payloads into orbit. It also utilizes Cosmic Girl, a modified Boeing 747-400 aircraft that functions as a reusable mobile launch platform. Virgin Orbit’s core product and service offerings include dedicated and rideshare launch services for commercial and civil customers across the United States and international markets; national security and defense launch services for government clients including the U.S. Space Force and allied agencies; civil spaceport operations offering nations mobile launch capabilities via leased ground equipment; and space solutions focusing on end-to-end satellite and Earth observation applications. Founded in 2017 and headquartered in Long Beach, California, Virgin Orbit provides launch flexibility, rapid response, and discreet operations leveraging its air-launch architecture. Recent major company developments include its 2021 public listing via a SPAC merger with NextGen Acquisition Corp. II, trading under the ticker VORB on Nasdaq. Upon listing, the company was valued at approximately $3.7 billion. Since then, Virgin Orbit has established key strategic partnerships including exclusive launch agreements with ANA Holdings in Japan, and contracts with commercial customers such as Arqit, Hypersat, Horizon Technologies, and SatRevolution. The company expanded geographically by initiating launches from the UK’s Spaceport Cornwall, supporting UK government and industrial space objectives. In 2023, Virgin Orbit restructured its debt to address liquidity challenges, with significant noteholder participation from Virgin Investments, its parent group. The company aims to scale rocket manufacturing and space solutions services while growing its launch cadence globally, targeting profitability on an EBITDA basis by late 2024 and expecting revenue growth towards $2.1 billion by 2026.
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