Beset by Spacecraft Readiness Issues and a Flagging Launch Schedule, Virgin Looks to Double 2023 Launch Calendar
Virgin Orbit reported its 3rd quarter results, announcing it managed to raise $25 million to continue operations for its unorthodox rocket launch offering. Unfortunately, the company also dropped its forecasted launch tempo for quarter 4, announcing that it expects only 3 more launches this year - half of its most optimistic projections earlier this year. The report highlights a few of the running problems with Branson’s rocket launch company, notably its slow rate of launches, dwindling backlog, licensing delays, and outpaced spacecraft readiness.