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.