
Virgin Orbit: Richard Branson’s rocket firm files for bankruptcy
British billionaire Sir Richard Branson’s rocket company Virgin Orbit has filed for bankruptcy in the US after failing to secure new investment.
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British billionaire Sir Richard Branson’s rocket company Virgin Orbit has filed for bankruptcy in the US after failing to secure new investment.
British billionaire Sir Richard Branson’s rocket company Virgin Orbit says it will cut 85% of its workforce after failing to secure new investment.
The firm will also cease operations for the foreseeable future, according to media reports.
Known as the Space Launch System (SLS), the vehicle is being taken to Pad 39B at the Kennedy Space Center in Florida for a lift-off scheduled for 29 August.
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