Why Virgin Orbit Failed
Why Virgin Orbit Failed
Why Virgin Orbit FailedCNBC
CNBC original
business
business news
finance
financial news
money
money management
news station
airplane
Virgin Orbit
Virgin Galactic
space tourism
planes
travel
tourism
satellites
space
space program
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:Â https://www.cnbc.com/
Follow CNBC on LinkedIn:Â https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook:Â https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter:Â https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram:Â https://cnb.cx/InstagramCNBC
#CNBC
What happened to Virgin Orbit?
-
2:21:54
Laura Loomer
4 hours agoEP48: Biden DOJ Authorized FBI Assassination of President Trump as Sham NYC Trial Insanity Continues
35.2K80 -
15:57
Breaking Points
11 hours agoBlinken THREATENS GLOBAL STARVATION In Secret Arab Meeting
23.6K40 -
1:24:20
TheMonicaCrowleyPodcast
10 hours agoThe Monica Crowley Podcast: Liars, Circuses and Bioweapons
20.9K9 -
54:33
LFA TV
18 hours agoPoetic Justice as CNN Forced to Defend Donald Trump | Trumpet Daily 5.21.24 9pm EST
19.5K6 -
53:50
The Late Kick with Josh Pate
6 hours agoLate Kick Live Ep 515: Rashada Sues Napier | Conference Sleepers | Bold Predictions | Nebraska Mood
27.1K3 -
1:02:46
The StoneZONE with Roger Stone
5 hours agoWho Shot Down The President Of Iran? + Zelensky Cancels Elections…AGAIN | The StoneZONE
34.4K41 -
1:52:59
The Quartering
8 hours agoWoke Disney/Pixar Collapses, Game Journalism SHUT DOWN, Windows Spying On You & More
56.2K23 -
1:00:00
Edge of Wonder
9 hours agoModern Art Psyop, Money Laundering & CIA’s Hidden Art Collection
35K14 -
12:21
Brad Polumbo
1 day agoFemale TikToker targets Harrison Butker with (WILD) rant!
27.3K29 -
1:22:22
The Big Migâ„¢
1 day ago‘BORDERGEDDON’ An American Crisis w/ Hernando Arce
26.5K20