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Virgin Orbit seeks cash infusion to reboost the company

It’s been a turbulent week for Virgin Orbit, headquartered out of Long Beach California. The company suspended all operations and furloughed most of its workforce for a week as it sought relief by raising funds to rescue its rocket-flying business, according to sources close to the matter on March 15.

During a 5 p.m. EDT meeting that day, company higher-ups explained that employees could cash in their paid time off as the furlough would be unpaid with a small team remaining in place continuing to work.

LauncherOne is a two-stage rocket — powered by liquid oxygen and rocket grade kerosene — that can send small payloads into low Earth orbit after being air-launched by a modified 747 aircraft. Credit: Virgin Orbit

During the third quarter of 2022, Virgin Orbit reported a loss of $42.9 million as cash demands continued, with fourth quarter funding coming from an investment arm of its founder Richard Branson’s parent company, Virgin Group.

Notes in the amounts of $25 million, an unsecured convertible note secured in November of 2022, along with another $30 million in senior secured notes in December 2022 and January 2023 gives “first priority” access to assets by Branson’s parent company.

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SpaceX CRS-27 Dragon resupply mission launches toward the International Space Station

Hot on the heels of the splashdown of the Crew-5 mission, SpaceX launched the uncrewed CRS-27 Dragon spacecraft to resupply the International Space Station.

Liftoff atop a Falcon 9 rocket came at 8:30 p.m. EDT March 14, 2023, from Launch Complex 39A at Kennedy Space Center in Florida. The autonomous spacecraft is set to dock to the ISS about a day later to deliver some 6,000 pounds (2,700 kilograms) of supplies to the seven-person Expedition 68 crew living aboard the orbiting laboratory.

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The Falcon 9 first stage that flew in support of this mission, B1073, successfully landed on the SpaceX drone ship “A Shortfall of Gravitas” less than 10 minutes after launch, which was positioned downrange in the Atlantic Ocean. This was the seventh recovery for this booster.

Overall, this was SpaceX’s 17th launch of 2023 — the 16th for a Falcon 9 rocket. The company plans to fly as many as 100 missions this year.

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CRS-27 Dragon sending fresh science, hardware to Space Station

SpaceX is set to deliver thousands of pounds of hardware and science experiments to the International Space Station as part of the uncrewed CRS-27 Dragon resupply mission.

Liftoff atop a Falcon 9 rocket is slated for 8:25 p.m. EDT March 14 (12:25 UTC March 15), 2023, from Launch Complex 39A at NASA’s Kennedy Space Center in Florida. This will be the 27th resupply mission to the orbiting laboratory under the company’s Commercial Resupply Services contract with NASA.

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Look at Ceres with Celestron’s app-enabled StarSense Explorer Telescope at $339 low

Amazon is now offering the Celestron StarSense Explorer DX 102AZ 102mm Refractor Telescope for $338.84 shipped. Normally going for $399, as it does over at B&H, this 15% discount, or solid $60 price drop marks a new all-time Amazon low price we’ve seen for this telescope model. This is also only the third price cut to date. The StarSense lineup of telescopes from Celestron aims to simplify the experience of observing the night sky with your phone being used to guide you to targets using the StarSense Explorer app and you don’t even need to have service for this to work as it is self-contained. For those who like more specific details, this telescope uses a 102mm refractor optical tube for observing deep-sky objects with the manual alt-azimuth mount supporting the telescope, plus you get a 25mm eyepiece which is best for DSOs, planets, and the moon, and a 10mm eyepiece which is best for detailed views of the Lunar surface and planetary details. The dwarf planet Ceres reaches opposition at the end of March so then will be the best time to try and catch a glimpse of it through this scope. Head below for more.

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SpaceX CRS-2

Launch Spotlight: CRS-27 – SpaceX set to launch the 27th space station resupply mission

SpaceX is set to launch a Falcon 9 from LC-39A at Kennedy Space Center in Florida on March 14, 2022, at 8:30 p.m. EDT. This launch will carry a Cargo Dragon spacecraft to the International Space Station carrying food, science, and other supplies for the Commercial Resupply Services 27 (CRS-27) mission.

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