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Indexing what Voices say, when they say it.

Voices/Cnbc/Why Virgin Orbit Failed

Cnbc

@cnbc·4.2M subscribers·16.1K videos

Why Virgin Orbit Failed

Posted

April 16, 2023

Views

620,650

Likes

5,829

Comments

532

Engagement

1.02%

Why Virgin Orbit Failed · CNBC Television · Sentinel

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YouTube Description

as posted by the channel

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.

Correction: At 10:45 the correct date for the article is Nov. 7, 2022.

Chapters:

Produced and Edited by: Magdalena Petrova

Supervising Producer: Jeniece Pettitt

Editorial Support: Michael Sheetz

Animation: Josh Kalven, Christina Locopo

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