Branson's Virgin Group had spent something like $1 billion on Virgin Orbit over the years, including $60 million since November 2022, Sky News reported. CNBC noted that majority owner Branson, a billionaire many times over, is not interested in putting more money into Virgin Orbit.
Virgin Orbit sends satellites to orbit using the 70-foot-long LauncherOne, which takes off under the wing of Cosmic Girl, a modified Boeing 747. The plane carries LauncherOne high in the sky before dropping the rocket, which then flies on its own to space. Virgin Orbit representatives have said launching using a plane is a more flexible solution for customers than standard rockets., another portfolio company of Branson, also uses air launching, in its case for space tourists.
Branson has proven not to be trusted in investing on his ventures that he uses as a personal piggy bank. It's a shame because I like the product but not the person in charge.
Virgin has reinvented itself as a mercenary Air Force. Here we see one of their planes launching a Russian Kahliber missile targeted at a day care center in Lviv
The usa shoot it down yet?