By Luke Barr, Published by This is Money, 15 April 2023 Small businesses in Cornwall are nursing thousands of pounds in losses after the sudden collapse of Virgin Orbit. Sir Richard Branson's satellite launch company filed for Chapter 11 bankruptcy in the US this month, extinguishing any lingering hope that
An image of the Centaur V anomaly that occurred on March 29 during testing of the Vulcan rocket's upper stage at Marshall Space Flight Center. By Eric Berger, Publised by Ars Technica, 8 April 2023 "A column of burning, clear hydrogen shot up into a mushroom cloud." 10:30 pm ET
Published by The BBC, 5 April 2023 A senior executive at Virgin Orbit has hit out at the leadership in a farewell email, telling staff at the bankrupt rocket firm they "deserved better". Chief operating officer Tony Gingiss issued a lengthy apology to workers while blasting his fellow managers for
By Kalyeena Makeortoff, Published by The Guardian, 4 April 2023 Move by firm founded by Sir Richard Branson comes days after 85% cut of workforce announced Virgin Orbit, the satellite launch company founded by the billionaire Sir Richard Branson, has filed for bankruptcy protection in the US after last-ditch efforts
The emergency escape system is seen firing on the New Shepard spacecraft Monday morning after its rocket was lost. By Eric Berger, Published by Ars Technica, 27 March 2023 The company says it intends to return to flight "soon." A little more than six months after the failure of its
By Channing Reid, Published by Simple Flying, 21 March 2023 The company is desperately searching for a lifeline. Bankruptcy could become a reality for satellite launch provider Virgin Orbit as soon as this week. The US-based group is reportedly scrambling to find a funding source to avoid insolvency. Last week,
By Tim Fernholz, Published by qz.com, 19 March 2023 Rocket makers that emerged from the venture capital ecosystem recently spent an anxious weekend waiting on the outcome of Silicon Valley Bank’s failure, but their latest troubles have no connection to with the lender’s collapse. Astra Space (ASTR) is now fighting
By Alex Lawson, Published by the BBC, 16 March 2023 Satellite launch company hunts for funding lifeline following failed attempt from UK soil Virgin Orbit has paused its operations and furloughed its workforce as it hunts for a funding lifeline. The satellite launch company, based in California, will put all
