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."

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sourcery@sourceryy

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."