Virgin Orbit Launches Internal Probe On Root Cause Of Failed Mission

RTTNews | 1339 days ago
Virgin Orbit Launches Internal Probe On Root Cause Of Failed Mission

(RTTNews) - Space launch systems provider Virgin Orbit Holdings. Inc. (VORB), founded by Sir Richard Branson, announced Thursday that preliminary analysis of data from the "Start Me Up" mission has begun to shed light on the outcome of the January 9 flight and next steps to follow.

The Start Me Up mission was the first orbital launch attempt in history conducted from western Europe. The flight was conducted by Virgin Orbit's air-launched LauncherOne system from the newly commissioned Spaceport Cornwall in the UK.

After successfully proceeding through pre-launch operations and taking off as planned from the runway at Spaceport Cornwall, Virgin Orbit's carrier aircraft traveled to the bespoke drop zone selected for this mission and successfully released the rocket.

The rocket then ignited its first stage engine, quickly going hypersonic and successfully completing the stage one burn through to fairing separation, all occurring as per the planned mission timeline.

Later in the mission, at an altitude of approximately 180 km, the upper stage experienced an anomaly. This anomaly prematurely ended the first burn of the upper stage. This event ended the mission, with the rocket components and payload falling back to Earth within the approved safety corridor without ever achieving orbit.

Virgin Orbit's carrier aircraft and its crew returned safely to Spaceport Cornwall.

Extensive telemetry coverage for the flight allowed for the collection of an enormous quantity of data during the mission, allowing Virgin Orbit's engineers and review board members to start their analysis immediately upon detection of the anomaly.

Virgin Orbit has initiated a formal investigation into the source of the second stage failure, to be led by Jim Sponnick (Co-Investigator), a distinguished aerospace veteran, and and Chad Foerster (Principal Investigator).

An extensive fault analysis and investigation and completion of all required corrective actions identified during the investigation will be completed prior to the next flight.

Virgin Orbit is continuing to process its next scheduled rocket through final integration and checkout ahead of its upcoming mission, which is planned to occur from the Mojave Air and Space Port in California.

Virgin Orbit also anticipates returning to Spaceport Cornwall for additional launches.

read more
Virgin Orbit Stops Operations After Bankruptcy Sales

Virgin Orbit Stops Operations After Bankruptcy Sales

Richard Branson's Virgin Orbit Holdings, which had filed for Chapter 11 bankruptcy protection, said it will sell its assets to four winning bidders following an auction and will cease operations. Rocket Lab USA, Inc., a launch and space systems company, said it has agreed to buy certain Long Beach California aerospace production and manufacturing assets from Virgin Orbit.
RTTNews | 1207 days ago
Branson's Virgin Orbit Files For Bankruptcy Protection; Sale Process On

Branson's Virgin Orbit Files For Bankruptcy Protection; Sale Process On

Richard Branson's Virgin Orbit Holdings, which has been struggling to keep up its operations after failing to find required funding, has filed for Chapter 11 bankruptcy. The space launch provider plans to continue the sale process under the Chapter 11 protection to provide clarity on its future. The company's latest issues started with a rocket failure in January that added to its severe financial
RTTNews | 1257 days ago
Virgin Orbit Pauses Operations For A Week, Furloughs Most Employees

Virgin Orbit Pauses Operations For A Week, Furloughs Most Employees

Richard Branson's Virgin Orbit Holdings Inc. is pausing all operations for a week starting Thursday as it seeks a funding lifeline, reports said. The satellite launch company also plans to furlough nearly all of its employees. Following the news, Virgin Orbit shares fell about 33 percent in after-hours trading on Wednesday, and are currently down around 42 percent in pre-market activity on Nasdaq.
RTTNews | 1276 days ago
TSX Climbs On Tech Rally, Looks Set To End 6-day Losing Streak

TSX Climbs On Tech Rally, Looks Set To End 6-day Losing Streak

The S&P/TSX Composite Index rose 0.36% Friday to 35,634.50 as technology stocks surged 3.5%, contributing significantly to gains. Oil prices fell following International Energy Agency's downward global oil demand forecast revision.
RTTNews | 23h 15min ago
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Switzerland stock market closed modestly higher on Friday, in line with markets across Europe, as a sharp drop in oil prices helped lift sentiment.
RTTNews | 23h 48min ago
European Markets Rise As Oil Prices Fall On IEA Demand Cut

European Markets Rise As Oil Prices Fall On IEA Demand Cut

European markets gained ground Friday after the International Energy Agency cut its global oil demand forecast, sending Brent crude futures down 3.5% to $103.50. The IEA now projects world oil demand will drop 2.5 million barrels per day this year versus its prior estimate of 1.6 million bpd.
RTTNews | 1 day ago
U.S. Consumer Sentiment Deteriorates Much More Than Expected In September

U.S. Consumer Sentiment Deteriorates Much More Than Expected In September

A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of September. The University of Michigan said its consumer sentiment index slumped to 47.8 in September after tumbling to 51.7 in August. Economists had expected the index to edge down to 51.0.
RTTNews | 1 day ago