Hello and welcome back to Max Q! Last week wasn’t the most successful for spaceflight missions. We’ll get into that a bit more below.

In this issue:

After Virgin Orbit’s launch failure last Monday, during which the mission experienced an “anomaly” that prevented the rocket from reaching orbit, I went back over the company’s financials — and things aren’t looking good.

For Virgin Orbit, this year has likely been completely turned on its head. The company was aiming for three launches this year, but everything will remain grounded until the cause of the anomaly has been identified and resolved. It’s unclear how long that will take, but likely at least three months. Add this delay to Virgin’s dwindling cash reserves and you have a foundation that’s suddenly much shakier than before.

Launch startup ABL Space Systems’ first orbital launch attempt ended in failure last Tuesday after all nine engines on the RS1 rocket’s first stage shut down simultaneously. The rocket subsequently hit the launch pad and was destroyed on impact.

ABL President Dan Piemont told TechCrunch that while the investigation into the failure is still in its early stages, “The simultaneity of the shutdown is a strong piece of evidence but it will take more time for the team to narrow down contributing factors and a root cause.”

“The Flight 2 vehicle is fully assembled and ready to begin it’s flight campaign, so we’re champing at the bit to get going on that as soon as the Flight 1 investigation is complete,” Piemont said.

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Source @TechCrunch