Virgin Orbit’s rocket launch fails and shares plunge by $200 million

The UK’s first house mission failed when the Virgin Orbit rocket, together with the 9 satellites it was carrying, burned up within the environment after a failed launch.

The rocket’s failure additionally resulted in Virgin’s shares dropping by $200 million when the corporate hoped to point out traders what the corporate was able to.

Virgin Orbit’s modified 747 airplane, Cosmic Lady, took off from Spaceport Cornwall, carrying the corporate’s LauncherOne rocket below its wing.

At an altitude of roughly 10 000 m, the rocket deployed from Cosmic Lady and ignited its primary engine. Sooner or later throughout the flight, nonetheless, it suffered an “unknown anomaly” and wiped out within the environment.

‘We’ll share extra information once we can’ VirginOrbit posted on Twitter whereas additionally posting that Cosmic Lady had landed safely in Cornwall.

This launch was Virgin Orbit’s sixth try to achieve orbit, and the second in-flight failure.

Image: Screenshot

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