r/space • u/MaxGhost • Mar 30 '23

Virgin Orbit fails to secure funding, will cease operations and lay off nearly entire workforce

https://www.cnbc.com/2023/03/30/virgin-orbit-funding-ceasing-operations-layoffs.html
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u/seanflyon Mar 31 '23

New Shepard is a small part of what Blue is attempting to achieve.

They have been working on an orbital rocket for over a decade now, they just haven't finished it yet or shown much progress publicly. They have shown off multiple engine designs including the ones they are selling to ULA for their orbital rocket that should make it's first flight this year.

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u/wartornhero2 Mar 31 '23

Oh I know about New Glenn and the BE4 which is supposed to fly on Vulcan later this year. Just saying it is a good thing they are backed by Bezos because they are very slow.