Richard Branson's New Company Will Focus on Government Space Launches

It's called Vox Space, and it's Virgin's fourth company in this sector.
Richard Branson's New Company Will Focus on Government Space Launches
Image credit: Vox Space

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
2 min read
This story originally appeared on Engadget

Three space-related companies apparently aren't enough for Richard Branson. Today, TechCrunch reported that Virgin Orbit, which was spun out from Virgin Galactic, has created a subsidiary called Vox Space. It's intended to focus exclusively on government contracts. Branson's other space companies are Virgin Galactic, which centers on space tourism, Virgin Orbit for cargo flights and The Spaceship Company, which aims to do precisely what its name suggests.

This is an indication that Virgin takes government contracts, both from the U.S. and its allies, very seriously. Someone with knowledge of the situation told TechCrunch that Virgin Orbit doesn't expect this sector to be its main source of revenue, but the company wants to be able to compete with the likes of SpaceX and Orbital ATK (which was acquired by defense contractor Northrop Grumman earlier this year). It appears that Vox Space will use LauncherOne, the rocket-launching plane system that will have its first test flight next year.

Virgin's vision appears to be bigger than just space freight, though. With the establishment of multiple subsidiaries and companies aimed at space travel, it's clear that the company wants to take on the larger aerospace companies such as Boeing and Lockheed Martin.

While the aim of this company is clearly cargo, rather than space travel, this does impact Virgin's overall profile when it comes to putting humans in space. The bottom line is that any experience in space is something the company can learn from and apply to future endeavors. By diversifying, Virgin is able to take advantage of more types of spaceflight opportunities, and that can only help them figure out how to safely take people to orbit and beyond.

More from Entrepreneur
Our Franchise Advisors will guide you through the entire franchising process, for FREE!
  1. Book a one-on-one session with a Franchise Advisor
  2. Take a survey about your needs & goals
  3. Find your ideal franchise
  4. Learn about that franchise
  5. Meet the franchisor
  6. Receive the best business resources
Entrepreneur Insider members enjoy exclusive access to business resources for just $5/mo:
  • Premium articles, videos, and webinars
  • An ad-free experience
  • A weekly newsletter
  • Bonus: A FREE 1-year Entrepreneur magazine subscription delivered directly to you
Make sure you’re covered for physical injuries or property damage that occur at work by
  • Providing us with basic information about your business
  • Verifying details about your business with one of our specialists
  • Speaking with an agent who is specifically suited to insure your business

Latest on Entrepreneur