Virgin Orbit shuts down after selling assets to 3 aerospace companies
California-based Virgin Orbit said it will permanently cease operations after selling key assets to Rocket Lab, Stratolaunch and Launcher.
Source: space.com
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Virgin Orbit receives $17 million bid from Stratolaunch for aircraft assets
Virgin Orbit received a $17 million bid for its aircraft assets from the hypersonic flight company Stratolaunch, according to court filings released on May 16.
Source: space.com
Virgin Orbit files for bankruptcy after funding efforts fail
The California-based launch company Virgin Orbit filed for Chapter 11 bankruptcy on Monday (April 3), shortly after it failed to secure a potential funding lifeline.
United States United Kingdom Dan Hart United States Bankruptcy Court Nextgen Acquisition Corp Richard Branson Virgin Group
Source: space.com
Virgin Orbit ceasing operations 'for the foreseeable future:' report
Virgin Orbit is ceasing operations "for the foreseeable future" and laying off about 90% of its workforce, according to CNBC.
Source: space.com
Virgin Orbit extends furlough after finance deal falls through: report
Talks with two separate buyers collapsed over the weekend as Virgin Orbit seeks more cash to continue launch operations, a media report suggests.
Source: space.com
Virgin Orbit eyes options as it works to generate cash flow: report
Launch company Virgin Orbit has engaged two restructuring companies for discussions after furloughing most of its staff last week, according to media reports.
United States United Kingdom Alvarez Marsal Silicon Valley Bank Virgin Galactic Richard Branson Virgin Group
Source: space.com
Virgin Orbit pauses operations while it looks for funding
Launch company Virgin Orbit has temporarily halted operations and furloughed most of its employees as it looks for funding, according to media reports.
Source: space.com
In photos: Virgin Orbit's first UK launch from Spaceport Cornwall
See photos from Virgin Orbits first launch from Spaceport Cornwall. Unfortunately, the pioneering mission did not go to plan.
Source: space.com