Richard Branson’s rocket firm files for bankruptcy ...News

Virgin Orbit failed to secure the funding it needed to recover from the failure of its last mission Richard Branson’s Virgin Orbit Holdings, a California-based satellite launch company and a subsidiary of his Virgin Group, announced on Tuesday that it had filed for Chapter 11 bankruptcy protection in the US. According to CEO Dan Hart, the company is looking for a buyer for its assets after lodging the filing at the US Bankruptcy Court in the District of Delaware. “While we have taken great efforts to address our financial position and secure additional financing, we ultimately must do what is best for the business

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