Published 1 year ago

Branson’s Rocket-Launch Firm Virgin Orbit Files for Bankruptcy

Summary by Bloomberg Law

Virgin Orbit Holdings Inc. filed for bankruptcy after the satellite launch firm tied to British billionaire Richard Branson failed to secure the funding needed to keep operating and cut 85% of its staff.

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Times of India

Virgin Orbit: Richard Branson’s rocket-launch firm Virgin Orbit files for bankruptcy

International Business News: Satellite launch firm Virgin Orbit, part of Richard Branson's Virgin Empire, has filed for bankruptcy. The firm listed $243m in assets and $153.5m for

1 year ago·India

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BBC News

Virgin Orbit: Richard Branson's rocket firm files for bankruptcy

The satellite launch company has failed to secure new investment after a rocket launch failed.

1 year ago·United Kingdom

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The Guardian

Virgin Orbit files for bankruptcy protection in US after failing to find funding

Move by firm founded by Sir Richard Branson comes days after 85% cut of workforce announced

1 year ago·London, United Kingdom

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CTV News

Richard Branson's Virgin Orbit files for bankruptcy, to seek buyer

Richard Branson's Virgin Orbit Holdings filed for Chapter 11 bankruptcy on Tuesday after the satellite launch company failed to secure the long-term funding needed to help it recover from a January rocket failure.

1 year ago·Canada

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The Independent

Richard Branson’s Virgin Orbit files for bankruptcy

Virgin Orbit has filed for Chapter 11 bankruptcy protection in the US after failing to secure the funding needed to recover from a January rocket failure.

1 year ago·London, United Kingdom

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Reuters

Branson's Virgin Orbit files for bankruptcy after launch failure squeezed finances

Virgin Orbit Holdings Inc , founded by billionaire Richard Branson, filed for Chapter 11 bankruptcy protection on Tuesday after the satellite launching business struggled to secure long-term funding following a failed launch in January.

1 year ago·United Kingdom

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