Virgin Orbit Is Looking for Buyers and Preparing a Rocket Launch:
Despite declaring bankruptcy earlier this month, Virgin Orbit is seeking out potential buyers ...
robbreport.com/motors/aviation/virgin-orbit-buyers-rocket-launch-1234833366/
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Branson's Virgin Orbit files Chapter 11 bankruptcy plan: Richard Branson's Virgin Orbit Holdings Inc and its subsidiaries in the United States filed a Chapter 11 ...
reuters.com/markets/deals/bransons-virgin-orbit-files-its-chapter-11-bankruptcy-plan-2023-04-20/
How Virgin Orbit went bankrupt: The rocket was too small and its price tag was too big.
qz.com/how-virgin-orbit-went-bankrupt-1850358016
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Virgin Orbit: Branson’s rocket dream ends after mission failure: The British billionaire's bankrupt satellite launch firm had been looking for
bbc.com/news/business-65692302
Key FactsVirgin Orbit Sells Assets in Bankruptcy Auction
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Summary created with AI assistance
Summary created with AI assistance
- Bankrupt satellite launcher Virgin Orbit has officially shut down after selling off its assets to three winning bidders at auction, as confirmed by the company on Tuesday.
- Launcher, a subsidiary of Vast Space, acquired the Mojave-based facilities for $2.7 million.
- Virgin Orbit's attempt to find a wholesale buyer to keep the company's assets intact was unsuccessful.
- Virgin Orbit's legacy in the space industry will always be remembered.
Stratolaunch submits $17M bid for some of Virgin Orbit's assets: Stratolaunch has submitted a $17 million 'stalking horse' bid for some of Virgin ...
techcrunch.com/2023/05/17/stratolaunch-submits-17m-bid-for-some-of-virgin-orbits-assets/
Virgin Orbit delays bid deadline in scramble to find rescuer: Bidders for Sir Richard Branson's commercial satellite venture have been given a revised offer ...
news.sky.com/story/virgin-orbit-delays-bid-deadline-in-scramble-to-find-rescuer-12879254
Richard Branson's Virgin Orbit stock crashes after bankruptcy filing: The British billionaire's space company has ceased operations, laid off most staff ...
markets.businessinsider.com/news/stocks/virgin-orbit-stock-price-billionaire-richard-branson-bankruptcy-filing-space-2023-4
Elon Musk’s SpaceX has one less competitor as fellow billionaire Richard Branson’s Virgin Orbit files for bankruptcy
fortune.com/2023/04/04/elon-musk-virgin-orbit-files-for-bankruptcy-spacex-richard-branson/
Paid articlePaywall Virgin Orbit burns up in uncontrolled descent: Virgin Orbit announced mass layoffs of 85% of its workforce, or 675 people, after it failed to secure additional ...
techcrunch.com/2023/03/30/virgin-orbit-burns-up-in-uncontrolled-descent/
Virgin Orbit extends worker furlough, continues funding talks -CEO: Billionaire Richard Branson's cash-strapped Virgin Orbit Holdings (VORB ...
reuters.com/business/aerospace-defense/virgin-orbit-extends-worker-furlough-continues-funding-talks-ceo-2023-03-27/
Virgin Orbit plans for insolvency amid rescue talks with investors: The commercial space satellite company set up by Sir Richard Branson's Virgin Group is ...
news.sky.com/story/virgin-orbit-plans-for-insolvency-amid-rescue-talks-with-investors-12838347
Branson's Virgin Orbit to pause ops, furlough nearly all employees - source: Richard Branson's Virgin Orbit (VORB.O) on Wednesday said it was pausing all ...
reuters.com/business/virgin-orbit-furloughs-almost-all-employees-pauses-operations-week-cnbc-2023-03-15/
Virgin Orbit receives another small investment from Branson—and it’s worrisome: More clarity on the company's financial situation should come by late March.
arstechnica.com/science/2023/02/richard-branson-moves-to-consolidate-his-secured-interest-in-virgin-orbit/
Even before Monday’s launch failure, Virgin Orbit’s finances were dismal: Some financial analysts believe the company will run out of money in March.
arstechnica.com/science/2023/01/even-before-mondays-launch-failure-virgin-orbits-finances-were-dismal/
Virgin Orbit pledges to return for new UK satellite launch : Richard Branson’s company wants to try again later this year after failed mission from Cornwall
ft.com/content/250b6742-a0a6-4a96-bca6-d7a61883a975
Paid articlePaywallVirgin Orbit issued licences ahead of Cornwall space launch: The first orbital space launch from UK soil is now expected to take place in January.
bbc.com/news/uk-england-cornwall-64049483
The UK just took a step closer to space flight: The United Kingdom is one step closer to conducting its first ever satellite launch from its own shores.
cnn.com/2022/12/21/business/virgin-orbit-satellite-launch/
Virgin Orbit’s Nasdaq listing falls short of fundraising target: Richard Branson’s parent group forced to inject $100m for merger with Spac to go ahead
ft.com/content/cbae71a4-33f7-46b4-baad-1e7c43cd9c63
Paid articlePaywallBranson's Virgin Orbit to go public through $3.2 bln SPAC merger: Billionaire Richard Branson's Virgin Orbit is going public through a merger with a blank-check ...
reuters.com/business/aerospace-defense/bransons-virgin-orbit-list-via-spac-merger-32-bln-valuation-2021-08-23/
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Billionaire Richard Branson Hoping To Impress NASA With Sunday Rocket Launch: The British tycoon had a tough 2020. With small satellite launch start-up Virgin ...
forbes.com/sites/daviddawkins/2021/01/15/billionaire-richard-branson-hoping-to-impress-nasa-with-sunday-rocket-launch/
Paid articlePaywall Rocket Lab spent fraction of Virgin Orbit's $1 billion to reach space - Business Insider
businessinsider.com/richard-branson-virgin-orbit-peter-beck-rocket-lab-development-costs-2020-10
Richard Branson’s Virgin Orbit rocket test launch fails: Mission terminated early in flight over Pacific Ocean off coast of southern California
theguardian.com/business/2020/may/26/richard-branson-virgin-orbit-rocket-test-launch-fails
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