Virgin Orbit 747
Virgin Orbit expects to perform the first launch of its LaunchOne small rocket this summer. The company acknowledges there's a glut of companies in that part of the overall launch market.

Virgin Orbit has received a license from the Federal Aviation Administration for the first launch of its LauncherOne vehicle, which the company hopes to perform later this summer.

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Jeff Foust has more than a decade of experience writing about space policy, entrepreneurial ventures and regulatory affairs. In 2001, he established spacetoday.net to aggregate and summarize the day's space-related news stories. In 2003, he started The...