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Bankrupt Virgin Orbit Sells Scraps at Auction, Including Its Big Plane
The ongoing saga of Virgin Orbit’s ongoing crash and burn appears to have finally come to an end. Assets from the satellite launch company, founded by British entrepreneur Richard Branson, have officially been sold off at auction, with some major spaceflight players picking up the crumbs.
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Richard Branson’s Rocket Company Shuts Down for ‘Foreseeable Future’
The company’s inability to secure new funding has placed the space venture in serious jeopardy.
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Virgin Orbit Reportedly Close to $US200 Million Rescue Deal After Launch Failure
Things may be looking up for Richard Branson’s private launch business Virgin Orbit, with reports suggesting the company may have secured new funding and is preparing for an upcoming rocket launch.
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Richard Branson’s Satellite Launch Company Isn’t Doing So Hot
Virgin Investments Limited has pumped $US55 ($76) million into Virgin Orbit since November of last year, in what is a troubling sign for the fledgling satellite launch company.