Virgin Orbit Seeking Over $100 Million As ‘Jaw Dropping’ Costs Mount And Small Satellite Market Narrows

  • 📰 Forbes
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 53%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Sir Richard Branson’s Virgin Orbit has not yet reached orbit, or even space for that matter. But for Orbit’s team it’s “the right time” to bring in outside investors and potential partners.

With a second test pencilled in before the year’s end, the pressure is on for Virgin to make good on the money spent and bring their launch offer to market before someone else gets there first., feel they now have proof that the technology could and would actually work.

“Most of them are going to die. It is going to be bloody and brutal.” Meagan Crawford, from the Houston-based venture capital SpaceFund tellsof the 130-odd launch businesses she’s currently watching. For Crawford the market is now “much smaller” than any of the small satellite launcher companies really “think it is.” Adding that although a small pool will thrive, For Crawford, the real test for Virgin is in the timing of their arrival to market, and not the money spent.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

genpact & E-city PS harassing ex-sr-manager using fake frivolous criminal case , do they want him dead ? CPBlr DCPSEBCP IPS_KTK_Assn csogok GEAviation GE_Digital satyanadella LinkedInMktg ryros Deloitte MDLZ KONEamericas Heineken PMOIndia barandbench BillGates

The cheeky bastard has just been bailed out by the UK government.

Not good....

Please read my profile we don't know what to do please help us I'm a mother with children in need I take care of them myself please god please please please knee please

Now I'm hesitant in buying shares of Virgin.

Are you looking for professional Business Card Design ? Here i am. I will do custom professional and unique Business card in 24 hour. Starting at $5 . DM me or ...... Order now :

Noooo not my SPCE stock

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines