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.
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