#vorb — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #vorb, aggregated by home.social.
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Liquidated my Astra (#ASTR) position. Took a 99% loss on that one since the SPAC offering and the latest news is basically that of a clown car.
Haven't put much into it since the SPAC era, and the remaining horse that I'm riding is #RKLB since #VORB went out of business earlier this year.
Still bullish on the space sector and still believe will lead to some great returns in the future, but it's clear that there's a lot of churning in the years ahead.
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@laimis It's good to see one of my launcher bets paying off.* :-)
I invested in Astra and Virgin Orbit and both of those have been pretty much complete losses, though Astra protests otherwise and that they'll get that share price back up with the un-flown Rocket 4.
* Since I got in early in the SPAC days, I'm still underwater on RKLB, but that's not a problem, as I have full faith in the company and expect it to surge once the market calms down a bit.
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Look like today's the day where I get to watch a stock (VORB) go to zero after Virgin Orbit's announcement that it's winding down.
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Space is hard. The small launch market, especially so.
https://techcrunch.com/2023/03/30/virgin-orbit-burns-up-in-uncontrolled-descent/