Why Richard Branson’s Newest Space Company Could Be a Lucrative Venture

March 2, 2017

Virgin Group’s commercial space venture, Galactic Ventures, has spun off one of its projects into a new company called Virgin Orbit. And it could end up being its most lucrative.

Virgin Orbit will focus on launching small satellites into space using its LauncherOne orbital launch vehicle. This vehicle is essentially a 747-400 airplane designed to hold a rocket under its wing. Once the aircraft reaches a certain altitude, the rocket would be fired off into space to deliver small satellites for companies that want to take images of Earth, providing Internet and other communications services.

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