Comparing the current results to its competitors, Virgin Orbit Holdings Inc reported Revenue decrease in the 4 quarter 2022 year on year by -46.45 %, faster than the overall decrease of Virgin Orbit Holdings Inc 's competitors by -11.9 %, recorded in the same quarter.
Virgin Orbit Holdings Inc , slower than the average decrease reported by the company's competitors of -72.84 %. recorded a net loss and most of the company's competitors saw a decline in earnings by -72.84 %
Virgin Orbit Holdings Inc 's Comment on Competition and Industry Peers
Our main competitors fall into four categories:
Established air-launch providers, with proof of delivering payloads into orbit, of which there is one known operational competitor, Northrop Grumman;
Established vertical ground launch providers, with proof of delivering payloads into orbit, including SpaceX, United Launch Alliance, International Launch Services (ILS) and Rocket Lab, as well as foreign space agencies such as Arianespace, Roscosmos (GK Launch Services), ISC Kosmotras, the Indian Space Research Organisation?s PSLV, Japan?s H-2 and H-3 and the European Space Agency?s Vega;
Companies that are reported to have plans to provide launch vehicles that are capable of regularly delivering payloads into orbit, but that have not deployed an operational payload or launched successfully, including Astra Space, Inc., ABL, Relativity Space, Firefly Aerospace, Southern Launch and LandSpace; and
Space solutions providers offering combined IoT and EO services, as well as a range of on-orbit services, such as BlackSky, Spire, Planet Labs, StarLink, OneWeb and China Spacesat.
Publicly Traded Peers of Virgin Orbit Holdings Inc
Astra Space Inc Share Performance
+39.28%
One Year
Astra Space Inc
Profile
Astra Space Inc's business model is centered around providing launch services for small satellites, aiming to streamline and improve access to space through affordable and frequent launches using their Rocket 3.0 launch vehicle.
Midwest Holding Inc operates as a specialty property and casualty insurance holding company, providing insurance products focused on niche markets. Their business model involves acquiring and managing insurance companies to generate long-term and sustainable value for shareholders.
PartnerRe Ltd is a reinsurance company that operates on a business-to-business model. It provides risk management solutions to insurance companies globally through underwriting, investment services, and capital preservation strategies. The company generates revenue by charging premiums to its clients in exchange for assuming a portion of their insurance risk.
Sources:
Virgin Orbit Holdings Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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