Richard Branson loses more than £2.5bn after Virgin Orbit and Virgin Galatic collapse
Richard Branson has been burnt after the SPAC bubble burst and his largest Virgin Group holdings plunged in value.
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Richard Branson has been burnt after the SPAC bubble burst and his largest Virgin Group holdings plunged in value.
Danes from the amateur rocketry community—together with professionals from the European aerospace industry—have spent the last eight years developing a 19-metre tall rocket, which they are planning to launch from their own spaceport in Scotland.
This volatile artificial intelligence stock has a few hidden weaknesses.
A new lawsuit against Lucid Motors has revealed that the California EV startup gave up majority ownership to Saudi Arabia in exchange for the Kingdom’s $1 billion investment. Lucid Motors took the deal in 2018 when it was strapped for cash, and it was announced weeks before the assassination of journalist Jamal Khashoggi.
This SPAC-backed AI company has disappointed a lot of investors.