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
By Sam Boughedda, Published by Investing.com, 1 March 2023 Virgin Galactic Holdings (NYSE:SPCE) shares are trading lower early Wednesday after they missed fourth quarter earnings expectations. The spaceflight company posted a loss per share of $0.55 on revenue of $870K. Analysts expected a loss per share of $0.51, however, revenue
By Tom Ambrose, Published by The Guardian, 1 March 2023 After Virgin Orbit’s failed mission, Commons committee hears complaints about regulator Britain’s failed attempt to send satellites into orbit was a “disaster” and MPs are being urged to redirect funding to hospitals, with the country now seen as “toxic” for
By Jeff Froust, Published by SpaceNews, 17 February, 2023 Most of the people who converged on the Kennedy Space Center in mid-November for the third Artemis 1 launch attempt were focused on the giant Space Launch System rocket standing at Launch Complex 39B and the Orion spacecraft on top. Craig
