sourcery(@sourceryy):Rocket Lab CEO @Peter_J_Beck on why Virgin Orbit failed: "The Electron rocket—under $100M & 80 people put the first rocket into orbit." "At the time, our nearest competitor was Virgin Orbit, funded by Sir Richard Branson." "In the end, Richard put $1.2B into that company before it went bankrupt with a handful of launches under their belt." "If I look back and think of startups I've seen or been involved with, the ones that have failed most spectacularly were the ones that have been funded the most significantly."

2026.08.26 15:08

Rocket Lab CEO @Peter_J_Beck on why Virgin Orbit failed: "The Electron rocket—under $100M & 80 people put the first rocket into orbit." "At the time, our nearest competitor was Virgin Orbit, funded by Sir Richard Branson." "In the end, Richard put $1.2B into that company before it went bankrupt with a handful of launches under their belt." "If I look back and think of startups I've seen or been involved with, the ones that have failed most spectacularly were the ones that have been funded the most significantly."