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Space Economy, this is how the Virgin Orbit flop opens the way for competitors

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Space Economy, this is how the Virgin Orbit flop opens the way for competitors

ServiceInvestments and Space

The bankruptcy of Sir Branson’s company and the impact on the moves of Musk and Bezos. Countdown to the launch of Tesla’s patron rocket destined for Mars

by Mara Monti

The bankruptcy declaration of Virgin Orbit with access to the American «Chapter 11» has brought attention back to the space economy sector with the risks and opportunities it offers. Sir Richard Branson’s start-up, controlled by Virgin Investment which owns Virgin Galactic, specialized in suborbital travel, had managed to make six launches since its debut in 2017 from its Californian base.

Virgin Orbit didn’t make it

The last one last January from the Cornwall spaceport (UK), but the mission…

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