Complex sentence: LauncherOne is an orbital launch vehicle, publicly announced by Virgin Galactic in July 2012, designed to launch "smallsat" payloads of into Earth orbit, with launches projected to begin in 2016.
Split into simpler sentences: LauncherOne is an orbital launch vehicle that was publicly announced by Virgin Galactic in July 2012. It is designed to launch "smallsat" payloads of into Earth orbit, with launches projected to begin in 2016.