Branson's Virgin Orbit plans new satellite launches in 2022
Virgin Orbit has its third satellite launch slated for the fourth quarter of 2021
How big will space flight market expand?
Procuream CEO Andrew Chanin reacts to Virgin Galactic's successful test flight.
While Richard Branson's Virgin Galactic is paving the way towards space tourism, its sister company, Virgin Orbit, is making its own push for dominance in satellites by bringing the most efficient rate possible at the lowest cost.
According to Virgin Orbit's new vice president of flight and launch activities, Tyler Grinnell, the market for satellite launches is growing at the "highest rate it's ever been."
"With the growth in customers, the satellite imagery needs to evolve," Grinnell told FOX Business in an exclusive interview. "So our services are definitely needed and wanted around the world right now and we are growing to meet the customer demands."
SPACEX, BLUE ORIGIN, VIRGIN GALACTIC HUBS COULD HELP BOOST LOCAL REAL ESTATE PRICES: NAR
Grinnell joined Virgin Orbit after spending 12 years at Elon Musk's competitor SpaceX, where he rose through the ranks from launch engineer to director of launch and recovery operations.
Virgin Orbit's vice president of flight and launch activities, Tyler Grinnell (Photo courtesy of Virgin Orbit)
As director of launch and recovery operations, Grinnell oversaw SpaceX's team of engineers, technicians, and support staff who provide the integrated launch, recovery, and pad operations for the Falcon 9 and Dragon vehicles, which have executed 20 successful missions in 12 months, as well as the successful launch and recovery of the first commercial crew astronauts. Prior to SpaceX, he held roles at both Boeing and NASA at Kennedy Space Center.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| SPCE | VIRGIN GALACTIC HOLDINGS INC. | 7.02 | -0.28 | -3.84% |
| BA | THE BOEING CO. | 156.54 | +1.10 | +0.71% |
Grinnell says he was drawn to Virgin Orbit's "highly developmental' nature and wanted to help the aerospace company become "fully operational."
"While I was at SpaceX, we were very successful at doing that," Grinnell said. "However, I really saw a need elsewhere at space companies and Virgin Orbit specifically has a platform like no other."
BEZOS' BLUE ORIGIN SPACE FLIGHT CREW TO INCLUDE 18-YEAR-OLD STUDENT
Virgin Orbit uses a technique called air launch, in which its 70-foot-long, 57,000-pound LauncherOne rocket is released at an altitude 35,000 feet from under the wing of a 747-400 jet aircraft, dubbed Cosmic Girl, rather than from a traditional launch pad on the ground.
After a 4-second freefall, LauncherOne's first stage engine ignites, accelerating the rocket to approximately 8,000 miles per hour. From there, the second stage engine kicks in, taking LauncherOne to a maximum speed of 17,500 miles per hour.
In addition to improving the payload capacity of the rocket, the technique allows LauncherOne to fly on short notice from a wide variety of locations. LauncherOne can carry satellite payloads weighing between 300 and 500 kilograms.
Virgin Orbit uses a technique called air launch, in which its 70-foot, 57,000-pound LauncherOne rocket is released at an altitude 35,000 feet from under the wing of a 747-400 jet aircraft, dubbed Cosmic Girl, rather than from a traditional launch pad on the ground. (Photo courtesy of Virgin Orbit)
On June 30, Virgin Orbit conducted its second successful launch, sending 7 satellites into orbit for the Department of Defense's Space Test Program, Poland's SatRevolution, and the Royal Netherlands Air Force.
A few days later, billionaire Branson made history blasting into space, setting up Jeff Bezos who is set to the same on Tuesday.
RICHARD BRANSON MAKES HISTORY BLASTING INTO SPACE
Richard Branson moves around cabin (Virgin Galactic)
GET FOX BUSINESS ON THE GO BY CLICKING HERE
While Grinnell says Virgin Orbit is in talks with "numerous potential spaceports around the world on a weekly basis" to bring LauncherOne's services where the satellite market's demand is the highest, the company's primary launch operations are based out of Mojave Air and Spaceport in California. Virgin Orbit's international launch site partners will include Cornwall, England, Japan, the island of Guam, and Brazil.
Under Grinnell's direction, Virgin Orbit is slated for another satellite launch in the fourth quarter of this year, followed by a busy two years.
"Next year, we're looking to be just under double digits with launches and looking to nearly double that the following year," he said.
Virgin Orbit will work with UK-based Arqit Limited, a leader in quantum encryption technology, to conduct two satellite launches to low Earth orbit beginning in 2023. It will also work with defense and security company QinetiQ and geospatial analytics company HyperSat to launch six satellites to low Earth orbit no earlier than 2023.