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The Latest Breaking News from Richard Branson

Richard Branson’s Virgin Orbit lays off 85% of staff and ceases operations

Virgin Orbit said that the layoffs will impact around 675 employees across all areas of the company with equates to around 85% of staff

Daily Mirror

Virgin Orbit cuts 85% of workforce after failing to secure fresh funding

Decision raises fears that company founded by Sir Richard Branson may be on verge of collapse

The Guardian - UK

Richard Branson loses £1.5 billion from plummeting Virgin Orbit shares amid funding crisis

Sir Richard Branson has lost a staggering £1.5 billion from his stake in Virgin Orbit over the past year after the company’s share price plummeted more than 95%.

Evening Standard

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Virgin Orbit ceases operations after failing to find funding

Virgin Orbit Holdings Inc., the satellite-launch company tied to British billionaire Richard Branson, is ceasing operations indefinitely, succumbing to growing cash-crunch pressures that have paralyzed startups in many emerging technologies.

Tribune News Service

Richard Branson surprises Edinburgh locals with Scottish-themed street celebration

It comes after Virgin Red left a mystery box on the Royal Mile yesterday to mark the grand opening of a new hotel.

Daily Record

Sir Richard Branson opens Edinburgh Virgin Hotel and tells of his roots in the city

The billionaire entrepreneur officially opened the 222-room hotel on Friday, with it not only being the first hotel carrying his Virgin brand in the UK, but also in Europe.

Edinburgh Live

Branson tells of Scottish roots as he opens Virgin Hotel in Edinburgh

The old town property is the company's first in Europe

Insider UK

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Richard Branson tells of Scottish roots as he opens Virgin Hotel in Edinburgh

The entrepreneur spoke of his Edinburgh links as he welcomed guests to his new hotel in Edinburgh.

The Independent UK

Virgin Orbit restarts operations with 'small' team as it works on finance deal: reports

Launch company Virgin Orbit is bringing back some of its furloughed employees after putting them on leave last week, according to media reports.

Space

Virgin Orbit eyes options as it works to generate cash flow: report

Launch company Virgin Orbit is engaging companies for discussions after furloughing most of its staff last week, according to media reports.

Space

Spaceport Cornwall focused on space cluster growth as Virgin Orbit pauses operations

Richard Branson’s US satellite launch firm is working to secure additional funding for future launches and has furloughed staff, according to reports

Birmingham Post

Richard Branson's rocket-launch firm Virgin Orbit pauses operations, furloughs staff

British billionaire Richard Branson's rocket-launch firm Virgin Orbit has paused operations as the company searches for more funding.

Los Angeles Times

Richard Branson’s Virgin Orbit pauses operations while it seeks extra funds

The satellite launch company has reportedly furloughed staff and is working to secure new funding.

The Independent UK

Richard Branson's Virgin Orbit pauses space operations with 'staff set to be furloughed'

A spokesperson for Virgin Orbit confirmed the "operational pause" in a statement, but did not comment on the furloughs

Daily Mirror

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Daily Mirror

Arthur Brown executed 30 years after massacre of 4 people including pregnant teen

Arthur Brown Jr, mow 52, was condemned for the June 1992 deaths in a Houston home during a drug robbery - including shooting dead a pregnant 19-year-old woman

Daily Mirror

You can now book a Jennifer Lopez inspired cruise complete with 90s dance classes

Jennifer Lopez fans can now board a cruise inspired by the hitmaker on Virgin Voyages cruise ship Scarlet Lady - and it includes heaps of fun activities like 90s dance classes

Space

The Polaris Program: One big step for civilian spaceflight

Everything you need to know about the Polaris Program, a series of upcoming commercial space missions carried out by civilian astronauts.

The Independent UK

You can now go on a cruise curated by Jennifer Lopez

Female entrepreneurship sessions and ‘JLo-inspired entertainment’ will feature

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Chronicle Live

Cayman Islands weatherman leaves TV job for new role with Tyne and Wear Metro

In his previous job he interviewed Sir Richard Branson and now he's helping passengers on the Metro

The Guardian - UK

Oh Deià – how the artists’ colony in Mallorca fell victim to Bransonification

Letters: Bruce Ross-Smith on Deià’s descent into an overpriced playground for plutocrats

Axios

The space industry is attracting new business

The space economy has grown a lot in the last 10 years.

The Guardian - UK

What price paradise? How a Mallorcan artists’ haven became ‘a ghost town’

Residents say Deià was once a thriving village community – before the millionaires and billionaires moved in

The Guardian - UK

‘Wings like cracked eggshells’: Richard Branson faces turbulence over safety of space flights

Investors are pursuing legal action against Virgin Galactic, claiming its carrier aircraft and space vehicle were not designed for regular space travel

Inverse

Virgin Orbit satellite launch: The historic mission fizzles out

Richard Branson's Virgin Orbit wants to launch the first satellite from European soil – but he has competition.

Fortune

Richard Branson hates the word 'billionaire' and never started Virgin Group to make lots of money

The Virgin tycoon’s net worth is $3.6 billion...

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