Comments on: Virgin Orbit shuts down

By: Jeff Wright

Jeff Wright — Sun, 02 Apr 2023 05:31:12 +0000

If bending people over and flushing them is Branson’s style—maybe he could invest in this:
https://projectswordtoys.blogspot.com/2023/04/insert-and-blast-off.html?m=1

By: sippin_bourbon

sippin_bourbon — Fri, 31 Mar 2023 20:00:09 +0000

Back on topic,
CNBC has a perspective on the failure of VO.
Not quite a post-mortem, as I think this is all from the outside looking in.
https://www.cnbc.com/2023/03/31/virgin-orbit-what-went-wrong.html

This line is noteworthy, in my mind.
“Some people within the company who had been critical of Virgin Orbit’s execution pointed to several executives’ backgrounds at Boeing, which has had its share of space-related snags over the years.”

The next paragraph then goes on to name the Chief Executive, Operations and Strategy Officers as all three Boeing alumni.

It also mentions a key contract that was lost, as well as poor purchasing/material stock management.

Old Space people trying to run what could have been a New Space agency. I wonder if they were so used to the government teat that they just assumed that there would be a bountiful bailout. (speculation on my part).

I get the feeling the article is just scratching the surface.

By: sippin_bourbon

sippin_bourbon — Fri, 31 Mar 2023 16:40:27 +0000

NY Post has tons of posts in the last 24 hours, so they do not appear to be locked out of anything.

By: Gary H

Gary H — Fri, 31 Mar 2023 16:11:13 +0000

Elon is a visionary with a great work ethic. I doubt that his CV claims sainthood.

Will he take criticism and use what he thinks valuable? We will see.

By: john hare

john hare — Fri, 31 Mar 2023 08:11:37 +0000

Jeff,

Your comments seem to be disconnected from reality much of the time. That there are others with other illusions does not mitigate your issues.

By: Jeff Wright

Jeff Wright — Fri, 31 Mar 2023 05:32:08 +0000

Elon is no better-- "Deja Vu: Twitter locks out The (New York) Post over story on removal of 5K tweets." Few that are moral become rich-and fewer that are rich are ever moral. Ayn Rand's writings have only one use-as toilet paper. Cast away your idols.

By: wayne

wayne — Fri, 31 Mar 2023 02:36:10 +0000

October 2020:
“To date, many millions of share certificates in the U.S. capital market have been dematerialized. With concerted effort and the help of the transfer agent community, DTCC believes a realistic target in the next three years would be the full dematerialization of 98%+ of all physical stock certificates,” the company said in its announcement.”

https://www.forbes.com/sites/tomgroenfeldt/2020/10/15/paper-securities-still-exist-and-dtcc-is-after-them/?sh=6ab3783435e9

By: Willi

Willi — Fri, 31 Mar 2023 00:42:17 +0000

Perhaps I should contact my broker about getting a physical stock certificate for the 30 shares of VORB I own. Such a piece of paper might have value in the distant future as a memento of the dawn of the space age…