Virgin Orbit reports net loss of $40M

The launch provider expects higher revenue per launch in the future

Air launch provider Virgin Orbit’s (NASDAQ:VORB) second-quarter earnings plunged to just $5,000, down from $1.7 million a year ago. Net loss narrowed to $40 million, a 13% year-over-year improvement. The company can launch from any airport that can accommodate its launcher, a modified Boeing (NYSE:BA) 747 airplane called “Cosmic Girl.” WHY IT MATTERS: Long Beach, […]

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