The Latest Breaking News from Virgin Orbit

Richard Branson’s Virgin Orbit is filing for Chapter 11 bankruptcy protection after a failed mission and increasing difficulty in raising funding for future operations

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Sir Richard Branson’s American satellite launch firm announced hundreds of job cuts last week months after it attempted to shoot a rocket into space from Spaceport Cornwall

Washington (AFP) - Virgin Orbit, the satellite launch company founded by Richard Branson, has filed for Chapter 11 bankruptcy and will sell the business, the firm said in a statement Tuesday.

California-based company forced to cut 85% of workforce after struggling to secure investment

The company’s January launch failed citing an ‘anomaly’

Richard Branson’s satellite business had suffered a series of setbacks including a failed rocket launch attempt and a funding crisis

Richard Branson's Virgin Orbit Holdings is seeking a sale of its assets after announcing the layoff of about 85 per cent of its 750 employees last week.

The British billionaire's rocket company is ceasing its operations. Its stock has fallen by more than 89% this year.

Richard Branson's Virgin Orbit is laying off about 675 employees, or 85% of its workforce, as the air-launched rocket company failed to find funding to sustain its operations.

Sir Richard Branson’s US satellite firm has confirmed it is cutting hundreds of jobs, months after it attempted to launch a rocket into space from the South West space cluster