Virgin

Despite Virgin Orbit’s Challenges, Spacetech Funding Remains Stable

Source Node: https://platodata.network/platowire/despite-virgin-orbits-challenges-spacetech-funding-remains-stable/
Time Stamp: March 31, 2023 3:55 PM - Modified On: March 31, 2023 - Published By:
Source Cluster:
Republished By Plato

Virgin Orbit, the satellite launch company founded by Sir Richard Branson, has faced several challenges in recent months. In May 2020, the company's first attempt to launch a rocket into space failed due to a malfunction in the rocket's engine. Then, in July 2020, Virgin Orbit announced that it would be laying off around 350 employees due to the economic impact of the COVID-19 pandemic.Despite these setbacks, spacetech funding remains stable. In fact, according to a report by Space Capital, a venture capital firm focused on the space industry, spacetech

The United Kingdom sets its sights on becoming a dominant force in space launch capabilities.

Source Node: https://zephyrnet.com/uk-aims-to-become-a-space-launch-superpower/
Time Stamp: March 20, 2023 11:39 AM - Modified On: March 20, 2023 - Published By:
Source Cluster:
Published by Plato

The United Kingdom has set its sights on becoming a dominant force in space launch capabilities. The country has been investing heavily in its space industry, with the aim of developing a world-class space launch capability that can compete with the likes of the United States, Russia, and China.The UK government has been working closely with private companies to develop the necessary infrastructure and technology to support space launches. In 2018, the government announced a £50 million investment in the development of a spaceport in Scotland, which is expected to

Johnson Fistel, LLP Launches Investigation into Multiple Special Purpose Acquisition Companies (SPACs) – EIN News

Source Node: https://zephyrnet.com/spac-johnson-fistel-llp-is-investigating-numerous-special-ein-news/
Time Stamp: March 4, 2023 8:01 AM - Modified On: March 4, 2023 - Published By:
Source Cluster:
Published by Plato

Johnson Fistel, LLP, a leading national securities and shareholder rights law firm, recently announced the launch of an investigation into multiple Special Purpose Acquisition Companies (SPACs). SPACs are publicly traded companies that are created to raise capital for the purpose of acquiring a private company.The investigation focuses on whether certain directors and officers of the SPACs have breached their fiduciary duties to shareholders by failing to properly evaluate potential acquisition targets and by failing to disclose material information about the SPACs’ operations and financial condition. The investigation also seeks to

Virgin Galactic Preparing for Return to Flight

Source Node: https://zephyrnet.com/virgin-galactic-in-final-phases-of-return-to-flight/
Time Stamp: March 1, 2023 8:16 AM - Modified On: March 1, 2023 - Published By:
Source Cluster:
Published by Plato

The future of space exploration is looking brighter than ever, as Virgin Galactic is preparing for its return to flight. The company, founded by billionaire entrepreneur Richard Branson, is planning to launch its first commercial spaceflight in the near future.Virgin Galactic has been working on its spaceflight program for over a decade. The company has made significant progress in recent years, and is now ready to take the next step. The company has developed a spacecraft, called SpaceShipTwo, which is designed to carry six passengers and two pilots into space.

Virgin Galactic Preparing to Resume Flight Operations

Source Node: https://zephyrnet.com/virgin-galactic-in-final-phases-of-return-to-flight/
Time Stamp: March 1, 2023 8:16 AM - Modified On: March 1, 2023 - Published By:
Source Cluster:
Published by Plato

Virgin Galactic is preparing to resume flight operations after a long hiatus due to the COVID-19 pandemic. The company, which is owned by billionaire Richard Branson, is the world’s first commercial spaceflight provider and has been working to make space travel available to the public since 2004. The company has been working on a new spacecraft, the VSS Unity, since 2014 and has conducted several successful test flights in the past few years. The spacecraft is designed to carry six passengers and two pilots on suborbital flights to the edge