Virgin Orbit

Arqit Quantum Inc. Announces Financial and Operational Results for the Fiscal Year 2023

Retrieved on: 
Tuesday, November 21, 2023

LONDON, Nov. 21, 2023 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (“Arqit”), a global leader in quantum-safe encryption, today announced its operational and financial results for the full fiscal year 30 September 2023.

Key Points: 
  • Arqit WalletSecure™ will be offered as part of an existing product offering of a major global financial services company.
  • During the second half of fiscal year 2023, Arqit delivered on revenue contracts with six channel partners representing sales of QuantumCloud™ Private Instance, QuantumCloud™ PaaS, Arqit NetworkSecure™ and Arqit TradeSecure™.
  • For the fiscal year ending 30 September 2023, Arqit issued 7,814,459 shares under the ATM Program, generating gross proceeds of $11.5 million.
  • Following the cost reduction initiative implemented in May 2023, Arqit’s headcount was 147 as of fiscal year end 2023.

Space and Satellite Industry Veteran Stephen Eisele Joins Lonestar Data Holdings as President and Chief Revenue Officer

Retrieved on: 
Monday, December 4, 2023

ST PETERSBURG, Fla. and LONG BEACH, Calif., Dec. 4, 2023 /PRNewswire/ -- Lonestar Data Holdings Inc. (Lonestar), a leader in pioneering premium lunar and CIS lunar data solutions, is proud to announce the appointment of Stephen Eisele as its President and Chief Revenue Officer.

Key Points: 
  • ST PETERSBURG, Fla. and LONG BEACH, Calif., Dec. 4, 2023 /PRNewswire/ -- Lonestar Data Holdings Inc. (Lonestar), a leader in pioneering premium lunar and CIS lunar data solutions, is proud to announce the appointment of Stephen Eisele as its President and Chief Revenue Officer.
  • Eisele brings a wealth of experience and expertise in the space and satellite industry, positioning Lonestar for accelerated growth and success in its mission to build a data center industry on and around the Moon.
  • Eisele is a seasoned professional with an impressive track record in the space and satellite sector.
  • "Steve Eisele's appointment as President and Chief Revenue Officer is a significant milestone for Lonestar.

Rocket Lab Announces Second Quarter 2023 Financial Results, Issues Guidance For Continued Revenue Growth In Third Quarter 2023

Retrieved on: 
Tuesday, August 8, 2023

Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today shared the financial results for fiscal second quarter 2023, ended June 30, 2023.

Key Points: 
  • Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today shared the financial results for fiscal second quarter 2023, ended June 30, 2023.
  • We also achieved some major development milestones for Neutron in the second quarter, including completion of the second stage qualification tank.
  • Strong quarter for space systems with Rocket Lab satellite components or software featured in 17 spacecraft launched to orbit.
  • ET) today to discuss these business highlights and financial results for our first quarter, to provide our outlook for the second quarter, and other updates.

Outpost Appoints Eric Wostenberg as New Vice President of Engineering

Retrieved on: 
Monday, August 7, 2023

SANTA MONICA, Calif., Aug. 7, 2023 /PRNewswire-PRWeb/ -- Outpost, the sustainable space company, announced today that Eric Wostenberg has joined its executive team as Vice President of Engineering to lead all engineering efforts. Wostenberg takes the helm of engineering at Outpost as the company prepares for its second satellite launch, and continues advancement in development of its returnable satellite.

Key Points: 
  • SANTA MONICA, Calif., Aug. 7, 2023 /PRNewswire-PRWeb/ -- Outpost, the sustainable space company, announced today that Eric Wostenberg has joined its executive team as Vice President of Engineering to lead all engineering efforts.
  • Wostenberg takes the helm of engineering at Outpost as the company prepares for its second satellite launch, and continues advancement in development of its returnable satellite.
  • A storied leader with more than 15 years of experience in aerospace engineering across startups and hyper-scale companies, Wostenberg has a proven track record in leading and scaling critical engineering programs at companies on the cutting edge of space exploration.
  • In only 7 months, Outpost built two flight model satellites featuring in-house designed, and built power systems, communications, computers, harnessing and ADCS.

Terran Orbital Welcomes Tony Gingiss as Chief Operating Officer

Retrieved on: 
Wednesday, June 14, 2023

Terran Orbital Corporation (NYSE: LLAP ) (“Terran Orbital” or “the Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced aerospace and defense industry veteran Tony Gingiss has joined Terran Orbital as the Company’s new Chief Operating Officer.

Key Points: 
  • Terran Orbital Corporation (NYSE: LLAP ) (“Terran Orbital” or “the Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced aerospace and defense industry veteran Tony Gingiss has joined Terran Orbital as the Company’s new Chief Operating Officer.
  • View the full release here: https://www.businesswire.com/news/home/20230613630234/en/
    Tony Gingiss joins Terran Orbital as Chief Operating Officer, bringing more than 30 years of aerospace and defense experience in design, production, operations and leadership.
  • (Photo: Business Wire)
    Tony brings more than 30 years of aerospace and defense experience in design, production, operations, and leadership to Terran Orbital.
  • “We are thrilled Tony has chosen to become a Terran,” said Terran Orbital Co-Founder, Chairman, and Chief Executive Officer Marc Bell.

True Anomaly Scales its Brand and Message with Expanded Washington, D.C., Presence

Retrieved on: 
Thursday, June 1, 2023

CENTENNIAL, Colo., June 1, 2023 /PRNewswire/ -- True Anomaly, Inc., the company revolutionizing space security and sustainability, announced today it has made three new hires across policy, communications, and government affairs. Katie Wall joined as Director of Government Affairs, Valerie Vasquez as Director of Strategic Business Development, and Kristin Quinn Cody as Director of Communications. 

Key Points: 
  • "We're thrilled to have Valerie, Katie, and Kristin on the True Anomaly team.
  • All three have proven track records in commercial space and deep tech to accelerate business growth across the private and public sectors," said True Anomaly co-founder and CEO Even Rogers.
  • At True Anomaly, Wall will represent company interests with the White House, federal departments and agencies, and Congress.
  • Cody will articulate the role True Anomaly's technology will play in ensuring global security and a safe, sustainable space domain.

Rocket Lab Bolsters Neutron Rocket Program with Purchase of Virgin Orbit Long Beach California Assets

Retrieved on: 
Tuesday, May 23, 2023

Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a leading launch and space systems company, today announced it has been selected as a successful bidder and is finalizing an asset purchase agreement for the purchase of certain Long Beach California aerospace production and manufacturing assets from Virgin Orbit Holdings, Inc. and certain of its subsidiaries (“Virgin Orbit”) in Virgin Orbit’s Chapter 11 bankruptcy auction.

Key Points: 
  • Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a leading launch and space systems company, today announced it has been selected as a successful bidder and is finalizing an asset purchase agreement for the purchase of certain Long Beach California aerospace production and manufacturing assets from Virgin Orbit Holdings, Inc. and certain of its subsidiaries (“Virgin Orbit”) in Virgin Orbit’s Chapter 11 bankruptcy auction.
  • The successful bid does not include the purchase of Virgin Orbit’s Boeing 747 aircraft, launch vehicles or mobile launch assets for its rockets, or other Virgin Orbit facilities, inventory and assets.
  • The combination of these assets with Rocket Lab’s existing production, manufacturing, and test capabilities is expected to advance the production of Rocket Lab’s larger launch vehicle, Neutron.
  • Rocket Lab CEO and Founder, Peter Beck, says: “Rocket Lab is a global industry leader in launch, and our new, larger rocket Neutron will bring added reliability, reusability, and innovation to the launch sector.

Statement Regarding Virgin Orbit

Retrieved on: 
Tuesday, May 23, 2023

Virgin Orbit Holdings, Inc. (the “Company” or “Virgin Orbit”), a responsive space launch provider, announced today that, following a comprehensive sale process and competitive auction conducted under the United States Bankruptcy Code, the Company will sell its assets to four winning bidders and will cease operations.

Key Points: 
  • Virgin Orbit Holdings, Inc. (the “Company” or “Virgin Orbit”), a responsive space launch provider, announced today that, following a comprehensive sale process and competitive auction conducted under the United States Bankruptcy Code, the Company will sell its assets to four winning bidders and will cease operations.
  • The following is a statement from the Company:
    “Throughout its history, Virgin Orbit has been at the forefront of innovation and has made substantial contributions to the field of commercial rocket launch with its LauncherOne air launch platform.
  • “As Virgin Orbit embarks on this path, the management and employees would like to extend their heartfelt gratitude to all stakeholders, including customers, partners, investors, and employees, for their support and dedication over the years.
  • Virgin Orbit is represented by Latham & Watkins as restructuring counsel, Young Conaway Stargatt & Taylor, LLP as local restructuring counsel, Alvarez & Marsal as restructuring advisor, and Ducera as investment banker.

Stratolaunch Expands Fleet with Virgin Orbit's Modified Boeing 747

Retrieved on: 
Thursday, May 25, 2023

MOJAVE, Calif., May 25, 2023 /PRNewswire/ -- Stratolaunch, LLC ("Stratolaunch") today announced that it has received approval from the U.S. Bankruptcy Court for the District of Delaware to acquire Virgin Orbit's modified Boeing 747 and its related parts and equipment, marking an expansion of Stratolaunch's air-launch fleet. The acquisition is expected to close by July 31, 2023.

Key Points: 
  • MOJAVE, Calif., May 25, 2023 /PRNewswire/ -- Stratolaunch, LLC ("Stratolaunch") today announced that it has received approval from the U.S. Bankruptcy Court for the District of Delaware to acquire Virgin Orbit's modified Boeing 747 and its related parts and equipment, marking an expansion of Stratolaunch's air-launch fleet.
  • Stratolaunch is a technology accelerator that enables reusable and routine hypersonic testing through world-class aerospace vehicles and in-flight test capabilities.
  • The expansion of Stratolaunch's fleet will increase its in-flight test capacity and ability to support government and commercial customers globally.
  • The acquisition of the modified 747 follows Stratolaunch's first successful Talon-A vehicle separation test on May 13.

Arqit Quantum Inc. Announces Financial and Operational Results for the First Half of Fiscal Year 2023

Retrieved on: 
Wednesday, May 17, 2023

LONDON, May 17, 2023 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (“Arqit”), a global leader in post quantum encryption technology, today announced its operational and financial results for the six months ended 31 March 2023.

Key Points: 
  • LONDON, May 17, 2023 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (“Arqit”), a global leader in post quantum encryption technology, today announced its operational and financial results for the six months ended 31 March 2023.
  • The first half of fiscal year 2023 has been focussed on the establishment and activation of these channel partnerships.
  • As a result, Arqit is now considering the sale of its satellite division amongst other potential transactions.
  • The first half of fiscal year 2023 reflects the pivot that we made at the end of 2022.