Multibillionaire Richard Branson's private satellite delivery company never really got off the ground.
notes, Virgin Orbit’s unique, relatively low-cost, and flexible launch system technology could still appeal to governments, including the US.
Despite the setbacks, Virgin Orbit CEO Dan Hart said in a statement on Tuesday that “the team at Virgin Orbit has developed and brought into operation a new and innovative method of launching satellites into orbit, introducing new technology and managing great challenges and great risks along.” He added that the company had launched 33 satellites into “precise orbit” since first staring operations.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Richard Branson's Virgin Orbit, headquartered in Long Beach, slashing 85% of its workforceRichard Branson's Virgin Orbit, headquartered in Long Beach, will cut 675 jobs, about 85% of its workforce, with the satellite launch company finding it difficult to secure funding three months after a failed mission.
Read more »
Billionaire Richard Branson’s Virgin Orbit Files For Bankruptcy After Failed Satellite LaunchVirgin Orbit, which laid off most of its staff last week, struggled to secure funding after a failed satellite launch from the U.K. in January.
Read more »
Richard Branson's Virgin Orbit files for bankruptcy, to seek buyerRichard 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.
Read more »
Richard Branson's Virgin Orbit files for bankruptcy | CNN BusinessVirgin Orbit, the rocket company founded by British billionaire Richard Branson, has filed for bankruptcy in the United States.
Read more »
Richard Branson's Virgin Orbit Rocket Company Files for BankruptcyThe moment has at last come for Sir Richard Branson to hang up his satellites and give up the ghost now that it has filed for bankruptcy.
Read more »
Branson's Virgin Orbit files for bankruptcy, to seek buyerRichard 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.
Read more »