Virgin Orbit Names Aerospace Veteran Tony Gingiss Its First COO

Long-time aerospace executive Tony Gingiss will be Virgin Orbit's first chief operating officer, the satellite launch company announced Wednesday.

The former CEO of OneWeb Satellites will oversee daily operations at Virgin's Long Beach manufacturing facility, where the company built its LauncherOne, which successfully placed satellites into orbit last month.

Before his time at OneWeb, Gingiss held a number of roles across business strategy, engineering and communications at Boeing Satellites System in El Segundo. He's worked in aerospace design, production and operations for over 30 years.

"His leadership, insight, and experience will be a huge asset to us as we take the next step in our journey from a team focused on R&D to a launch company focused on serving our customers," said Virgin Orbit CEO Dan Hart in a statement.

The company said it's already integrating its next batch of rockets at its production facility. And last month, it announced a deal to launch the Dutch Ministry of Defense's first satellite later this year.

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Relativity Space, the Long Beach 3D-printed rocket maker, has unveiled plans to create a fully reusable rocket.

CEO Tim Ellis told CNBC that the move is an "obvious evolution" for the company. The announcement comes on the heels of a hefty $500 million round he closed in November.

"It's the same architecture, the same propellant, the same factory, the same 3D printers, the same avionics and the same team," Ellis told the outlet.

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Nearly a year into the worst pandemic in a century, Los Angeles companies expecting to snap up office space on the cheap may be disappointed.

L.A. office rents have held steady or even gotten pricier since COVID, even as more space has become available as most employees continue to work from home.

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On today's episode of Office Hours, I'm excited for you to get to know Austin Allison, my co-founder and CEO of our company, Pacaso.

Birds were the first dwellers Austin served with his boyhood bird-house business. Now, with Pacaso, our goal is to democratize second-home ownership by enabling people to co-own an amazing second home --- for 1/8 the cost.

Hear his take on what it meant to have his first company acquired, his number one tip on how to keep his crew focused and how to best navigate what seems like weekly iterations of the start-up environment.

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