Billionaire Richard Branson's rocket company goes under; Files for bankruptcy | Oneindia News

2023-04-04 20

Virgin Orbit, the satellite launch company founded by billionaire Richard Branson… has filed for bankruptcy protection in the US after last-ditch efforts to find funding for the struggling space firm fell through. It comes less than a week after the company announced it was cutting 85% of its workforce, leaving roughly 100 employees to run what was left of the business. The US-based firm will now seek a buyer for its assets.

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