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. Virgin Orbit, which is 75% owned by Sir Richard Branson’s Virgin Group, lodged the…
Virgin Orbit: Sir Richard Branson’s rocket company lays off 85% of staff
British billionaire Sir Richard Branson’s rocket company Virgin Orbit says it will lay off 85% of staff after failing to secure new investment. The firm will also cease operations for the foreseeable future, according to media reports. It comes weeks…
UK’s 1st satellite launch fails to make it into orbit
The UK attempted its first orbital space launch from UK soil on Monday evening, making it the privately-owned Virgin Orbit’s first international launch. However, it failed when a reported “anomaly” early Tuesday prevented the rocket from reaching orbit. The repurposed…