Sir Richard Branson's rocket company Virgin Orbit files for bankruptcy

  • 📰 MetroUK
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 82%

United States News News

United States United States Latest News,United States United States Headlines

BREAKING: Sir Richard Branson’s rocket company Virgin Orbit has filed for bankruptcy in the US.

’s rocket company, has filed for bankruptcy in the US.pausing operations and furloughing 85% of its staffOn Friday, Virgin Investments injected a further £8.8million into the operation – it had earlier been reported Sir Richard Branson has lost £1.5billion from his stake in the past year.

Hart added: ‘I’m incredibly grateful and proud of every one of our teammates, both for the pioneering spirit of innovation they’ve embodied and for their patience and professionalism as we’ve managed through this difficult time. The company’s decision to choose Spaceport Cornwall, Newquay, for its first commercial satellite launch was seen as a huge boost for the UK space industry and the area, potentially creating hundreds of new jobs.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Bankruptcy for the multi rich mean's something completely entirely.

Why do their rockets look like planes? 🤔

So this is why we have no internet

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in US

United States United States Latest News, United States United States Headlines