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.
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