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Virgin Orbit
Virgin Orbit is a company within the Virgin Group which provides launch services for small satellites. On January 17, 2021, their ''LauncherOne'' rocket successfully reached orbit for the first time, and successfully deployed 10 cubesats. The company was formed in 2017 to develop the air-launched LauncherOne rocket, launched from a modified Boeing 747 aircraft named Cosmic Girl; this tandem had previously been a project of Virgin Galactic. Based in Long Beach, California, Virgin Orbit has more than 300 employees led by president Dan Hart, a former vice president of government satellite systems at Boeing. Virgin Orbit focuses on small satellite launch, which was one of three capabilities being focused on by Virgin Galactic. These capabilities are: human spaceflight operations, small satellite launch, and advanced aerospace design, manufacturing, and test. On 30 December 2021 Virgin Orbit became a publicly traded company (symbol VORB) at the NASDAQ stock exchange. Virgin Orbit ...
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LauncherOne
LauncherOne is a two-stage orbital launch vehicle developed and flown by Virgin Orbit that began operational flights in 2021, after being in development from 2007 to 2020. It is an air-launched rocket, designed to carry smallsat payloads of up to into Sun-synchronous orbit (SSO), following air launch from a carrier aircraft at high altitude. The rocket is carried to the upper atmosphere on a modified Boeing 747-400, named '' Cosmic Girl'', and released over the Pacific Ocean. Initial work on the program was done by Virgin Galactic, another Virgin Group subsidiary, before a separate entity — Virgin Orbit — was formed in 2017 to complete development and operate the launch service provider business as a separate entity from the passenger-carrying Virgin Galactic business. The first successful flight was on 17 January 2021, which delivered a payload of 10 CubeSats to low Earth orbit (LEO). Two additional launches also successfully made it to orbit. LauncherOne was the firs ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Vice President
A vice president, also director in British English, is an officer in government or business who is below the president (chief executive officer) in rank. It can also refer to executive vice presidents, signifying that the vice president is on the executive branch of the government, university or company. The name comes from the Latin term ''vice'' meaning "in place of" and typically serves as '' pro tempore'' (Latin: ’for the time being’) to the president. In some countries, the vice president is called the ''deputy president''. In everyday speech, the abbreviation ''VP'' is used. In government In government, a vice president is a person whose primary responsibility is to act in place of the president on the event of the president's death, resignation or incapacity. Vice presidents are either elected jointly with the president as their running mate, or more rarely, appointed independently after the president's election. Most governments with vice presidents have one perso ...
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Boeing 747
The Boeing 747 is a large, long-range wide-body airliner designed and manufactured by Boeing Commercial Airplanes in the United States between 1968 and 2022. After introducing the 707 in October 1958, Pan Am wanted a jet times its size, to reduce its seat cost by 30%. In 1965, Joe Sutter left the 737 development program to design the 747, the first twin-aisle airliner. In April 1966, Pan Am ordered 25 Boeing 747-100 aircraft and in late 1966, Pratt & Whitney agreed to develop the JT9D engine, a high-bypass turbofan. On September 30, 1968, the first 747 was rolled out of the custom-built Everett Plant, the world's largest building by volume. The first flight took place on February 9, 1969, and the 747 was certified in December of that year. It entered service with Pan Am on January 22, 1970. The 747 was the first airplane dubbed "Jumbo Jet", the first wide-body airliner. The 747 is a four-engined jet aircraft, initially powered by Pratt & Whitney JT9D turbofan engin ...
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NASA
The National Aeronautics and Space Administration (NASA ) is an independent agency of the US federal government responsible for the civil space program, aeronautics research, and space research. NASA was established in 1958, succeeding the National Advisory Committee for Aeronautics (NACA), to give the U.S. space development effort a distinctly civilian orientation, emphasizing peaceful applications in space science. NASA has since led most American space exploration, including Project Mercury, Project Gemini, the 1968-1972 Apollo Moon landing missions, the Skylab space station, and the Space Shuttle. NASA supports the International Space Station and oversees the development of the Orion spacecraft and the Space Launch System for the crewed lunar Artemis program, Commercial Crew spacecraft, and the planned Lunar Gateway space station. The agency is also responsible for the Launch Services Program, which provides oversight of launch operations and countdown management f ...
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Low Earth Orbit
A low Earth orbit (LEO) is an orbit around Earth with a period of 128 minutes or less (making at least 11.25 orbits per day) and an eccentricity less than 0.25. Most of the artificial objects in outer space are in LEO, with an altitude never more than about one-third of the radius of Earth. The term ''LEO region'' is also used for the area of space below an altitude of (about one-third of Earth's radius). Objects in orbits that pass through this zone, even if they have an apogee further out or are sub-orbital, are carefully tracked since they present a collision risk to the many LEO satellites. All crewed space stations to date have been within LEO. From 1968 to 1972, the Apollo program's lunar missions sent humans beyond LEO. Since the end of the Apollo program, no human spaceflights have been beyond LEO. Defining characteristics A wide variety of sources define LEO in terms of altitude. The altitude of an object in an elliptic orbit can vary significantly along the orbit. ...
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CubeSat
A CubeSat is a class of miniaturized satellite based around a form factor consisting of cubes. CubeSats have a mass of no more than per unit, and often use commercial off-the-shelf (COTS) components for their electronics and structure. CubeSats are put into orbit by deployers on the International Space Station, or launched as secondary payloads on a launch vehicle. , more than 1,600 CubeSats have been launched. In 1999, California Polytechnic State University (Cal Poly) professor Jordi Puig-Suari and Bob Twiggs, a professor at Stanford University Space Systems Development Laboratory, developed the CubeSat specifications to promote and develop the skills necessary for the design, manufacture, and testing of small satellites intended for low Earth orbit (LEO) that perform a number of scientific research functions and explore new space technologies. Academia accounted for the majority of CubeSat launches until 2013, when more than half of launches were for non-academic purposes, ...
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CNBC
CNBC (formerly Consumer News and Business Channel) is an American basic cable business news channel. It provides business news programming on weekdays from 5:00 a.m. to 7:00 p.m., Eastern Time, while broadcasting talk shows, investigative reports, documentaries, infomercials, reality shows, and other programs at all other times. Along with Fox Business and Bloomberg Television, it is one of the three major business news channels. It also operates a website and mobile apps, whereby users can watch the channel via streaming media, and which provide some content that is only accessible to paid subscribers. CNBC content is available on demand on smart speakers including Amazon Echo devices with Amazon Alexa, Google Home and app devices with Google Assistant, and on Apple Siri voice interfaces including iPhones. Many CNBC TV shows are available as podcasts for on-demand listening. Graphics are designed by Sweden-based Magoo 3D studios. CNBC is a divisi ...
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EBITDA
A company's earnings before interest, taxes, depreciation, and amortization (commonly abbreviated EBITDA, pronounced , , or ) is a measure of a company's profitability of the operating business only, thus before any effects of indebtedness, state-mandated payments, and costs required to maintain its asset base. It is derived by subtracting from revenues all costs of the operating business (e.g. wages, costs of raw materials, services ...) but not decline in asset value, cost of borrowing, lease expenses, and obligations to governments. Though often shown on an income statement, it is not considered part of the Generally Accepted Accounting Principles (GAAP) by the SEC and the SEC hence requires that companies registering securities with it (and when filing its periodic reports) reconcile EBITDA to net income. Usage and criticism EBITDA is widely used when assessing the performance of a company. EBITDA is useful to assess the underlying profitability of the operating businesses ...
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Special-purpose Acquisition Company
A special purpose acquisition company (SPAC; ), also known as a "blank check company", is a shell corporation listed on a stock exchange with the purpose of acquiring a private company, thus making it public without going through the traditional initial public offering process and the associated regulations thereof. According to the U.S. Securities and Exchange Commission (SEC), SPACs are created specifically to pool funds to finance a future merger or acquisition opportunity within a set timeframe; these opportunities usually have yet to be identified while raising funds. In the United States, SPACs are registered with the SEC and considered publicly-traded companies; the general public may buy their shares on stock exchanges before any merger or acquisition takes place. For this reason they have at times been referred to as the "poor man's private equity funds". The majority of companies pursuing SPACs do so on the Nasdaq or New York Stock Exchange in the United States, althoug ...
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NASDAQ
The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange. The exchange platform is owned by Nasdaq, Inc., which also owns the Nasdaq Nordic stock market network and several U.S.-based stock and options exchanges. History 1971–2000 "Nasdaq" was initially an acronym for the National Association of Securities Dealers Automated Quotations. It was founded in 1971 by the National Association of Securities Dealers (NASD), now known as the Financial Industry Regulatory Authority (FINRA). On February 8, 1971, the Nasdaq stock market began operations as the world's first electronic stock market. At first, it was merely a "quotation system" and did not provide a way to perform electronic trade ...
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Human Spaceflight
Human spaceflight (also referred to as manned spaceflight or crewed spaceflight) is spaceflight with a crew or passengers aboard a spacecraft, often with the spacecraft being operated directly by the onboard human crew. Spacecraft can also be remotely operated from ground stations on Earth, or autonomously, without any direct human involvement. People trained for spaceflight are called astronauts (American or other), ''cosmonauts'' (Russian), or ''taikonauts'' (Chinese); and non-professionals are referred to as spaceflight participants or ''spacefarers''. The first human in space was Soviet cosmonaut Yuri Gagarin, who launched as part of the Soviet Union's Vostok program on 12 April 1961 at the beginning of the Space Race. On 5 May 1961, Alan Shepard became the first American in space, as part of Project Mercury. Humans traveled to the Moon nine times between 1968 and 1972 as part of the United States' Apollo program, and have had a continuous presence in space for on the ...
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