Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
Wednesday 21 December 2022 7:52 am  |  Updated:  Wednesday 21 December 2022 9:18 am

Richard Branson’s Virgin Orbit secures licences ahead of first British satellite launch

By: Millie Turner

Add as a preferred source on Google
Virgin Orbit’s boss Dan Hart said the satellite launching company is going to be “opportunistic on the market,” as it seeks additional funding rounds
Earlier this year, a Virgin Orbit rocket failed to complete the first satellite launch from UK soil

Richard Branson’s rocket company Virgin Orbit has finally been issued its licences ahead of the first satellite launch from British soil.

The long-awaited launch is still expected to happen before the end of the year, although a new official date is yet to be announced.

The Civil Aviation Authority (CAA) granted the licences within 15 months, well within the expected timescales for these types of licences.

Deputy chief executive of the UK Space Agency, Ian Annett, said: “With Virgin Orbit’s licences secured, we have achieved another key delivery milestone ahead of the first satellite launch from UK soil.

“Establishing orbital launch capabilities in the UK is already bringing investment and jobs into Cornwall and other communities across the UK and inspiring a new generation to join our growing space sector.”

The launch was previously scheduled to take off on the 14 December, but was delayed over technical issues.

Virgin Orbit chief executive Dan Hart said: “This is a major milestone for the CAA and represents the successful completion of an enormous effort, which has included the construction of new regulations, new processes and new teams. 

“With our partners at the UK Civil Aviation Authority, Spaceport Cornwall, UK Space Agency and our payload customers, together we are progressing towards the first launch from Cornwall – keeping a strong focus on a safe and successful mission for all.”

Read more

SpaceX is preparing for blast off, but will the mega IPO send investors into orbit?

SpaceX Falcon 9 rocket launching into a clear sky during May 2026 mission, showcasing advanced aerospace technology

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business

Trending Articles

  • Two solicitors linked to Post Office scandal charged with misconduct

  • Revealed: Secret Treasury plan to tax State Pension before it is paid out

  • Clarkson’s Farm and why businesses must stop blaming the weather

  • As it happened: Stocks tumble after Apple rattles global markets; UK food exports hit by US tariffs

  • Barclays and Lloyds join banking sector plan for digital ID

More from City PM

  • SpaceX is preparing for blast off, but will the mega IPO send investors into orbit?

    Markets
    SpaceX Falcon 9 rocket launching into a clear sky during May 2026 mission, showcasing advanced aerospace technology
  • Debenhams and Revolution unveil new beauty collaboration

    Retail
    Debenhams Group was rebranded from Boohoo Group earlier this year
  • Will the SpaceX IPO send retail investors into orbit?

    Investing
    Elon Musk speaking at a tech conference, wearing a suit, with a futuristic backdrop highlighting space exploration themes
  • K2 PI aims high: Lloyd’s-backed MGA targets larger PI risks

    Partner
    Lloyds-backed MGA K2 PI targets larger professional indemnity risks, aiming to compete with major brokers.
  • Space X bumps back to earth as analysts slash value 

    Investing
    Elon Musk discussing SpaceX investment as Scottish Mortgages largest holding on a business news platform
  • SpaceX kicks off bond sale as it looks to begin mass borrowing spree

    Markets
    Elon Musk discussing SpaceX investment as Scottish Mortgages largest holding on a business news platform
  • Nationwide boss Debbie Crosbie banks £4.7m payday after Virgin Money deal

    Banking
    Debbie Crosbie in 2011, business professional attending a corporate event, wearing formal attire, relevant to financial se...
  • Markets would take Miliband chancellor appointment ‘worse’ than Streeting, predicts Cavendish chief

    Markets
    Skyline of Canada with iconic financial district buildings, highlighting UK investments and economic growth.

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy