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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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Cheddar

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Virgin Orbit Seeks Bankruptcy Protection After Mission Fail

Richard Branson's Virgin Orbit is filing for Chapter 11 bankruptcy protection after a failed mission this year and increasing difficulty in raising funding for future missions.

2 years ago

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abc 7 LA

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Long Beach's Virgin Orbit is up for sale after filing for bankruptcy and firing most employees

Long Beach's Virgin Orbit, owned by Sir Richard Branson, has failed for Chapter 11 bankruptcy and is up for sale after its satellite launch failed.

2 years ago·Los Angeles, United States

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WCSH

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Virgin Orbit seeks bankruptcy protection after mission fail

Layoffs and the filing followed a failed mission this year and increasing difficulty in raising funding for future missions.

2 years ago·Portland, United States

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WFAA 8abc

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Virgin Orbit seeks bankruptcy protection after mission fail

Layoffs and the filing followed a failed mission this year and increasing difficulty in raising funding for future missions.

2 years ago·Dallas, United States

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Orlando Sentinel

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Virgin Orbit seeks bankruptcy protection after mission fail

Richard Branson’s Virgin Orbit is filing for Chapter 11 bankruptcy protection after a failed mission this year and increasing difficulty in raising funding for future missions.

2 years ago·Orlando, United States

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