Why Virgin Orbit Failed

1 year ago
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Virgin Orbit started out as a program at space tourism venture Virgin Galactic in 2012 before being spun off into a separate company in 2017. Virgin Orbit’s goal was to build rockets capable of blasting small satellites into space and at the time this was still a largely untapped market. Virgin Orbit was well-capitalized had a dedicated team of talent and a functioning launch system. But launch delays an inability to land a major customer and an evolving satellite launch market eventually got the company in hot water. Watch the video to find out more about what led to Virgin Orbit’s eventual bankruptcy. Chapters: 00:00 — Introduction 01:32 — Early days 04:27 — Beginning of the end 10:06 — Final act Produced and Edited by: Magdalena Petrova Supervising Producer: Jeniece Pettitt Editorial Support: Michael Sheetz Animation: Josh Kalven Christina Locopo » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series CNBC has you covered. Experience special sneak peeks of your favorite shows exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC CNBC What happened to Virgin Orbit?

Why Virgin Orbit Failed
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Virgin Orbit started out as a program at space tourism venture, Virgin Galactic, in 2012 before being spun off into a separate company in 2017. Virgin Orbit’s goal was to build rockets capable of blasting small satellites into space and, at the time, this was still a largely untapped market. Virgin Orbit was well-capitalized, had a dedicated team of talent and a functioning launch system. But launch delays, an inability to land a major customer and an evolving satellite launch market eventually got the company in hot water. Watch the video to find out more about what led to Virgin Orbit’s eventual bankruptcy.

Chapters:
00:00 — Introduction
01:32 — Early days
04:27 — Beginning of the end
10:06 — Final act

Produced and Edited by: Magdalena Petrova
Supervising Producer: Jeniece Pettitt
Editorial Support: Michael Sheetz
Animation: Josh Kalven, Christina Locopo

» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision

About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC

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What happened to Virgin Orbit?

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