Virgin Orbit Holdings

Virgin Orbit Holdings, Inc. builds and operates flexible and responsive launchers. The firm also developed a proprietary air-launch technology, coupled with world-class manufacturing infrastructure and a proven team to transform space access for a diverse and global customer base. Its LauncherOne satellite renders services for commercial and government-built small satellites. The company was founded on January 11, 2021 and is headquartered in Long Beach, CA.

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Virgin Orbit Holdings, Inc. engages in the development and operation of small-satellite launch. The company was founded on January 11, 2021 and is headquartered in Long Beach, CA.

An email from Virgin Orbit's outgoing Chief Operating Officer Tony Gingiss appears to call out CEO Dan Hart, although not by name.

Virgin Orbit COO calls out company leadership for failures in goodbye memo. Read the full email

Virgin Orbit, the low-Earth orbit small payload launch company that was spun out of Richard Branson's Virgin Galactic, has filed for bankruptcy protection with the U.S. Securities and Exchange Commission.

Virgin Orbit files for bankruptcy

Virgin Orbit, Virgin's satellite transport business, has filed for bankruptcy and put itself up for sale.

Virgin Orbit Collapses, Laying Off 700 Jobs And Marking A Turning Point In The Private Space Industry

Virgin Orbit Holdings (NASDAQ: VORB ) announced this morning that it would declare bankruptcy. In the wake of the news, VORB stock is tumbling 23% in pre-market trading to 15 cents.

VORB Stock Alert: Virgin Orbit Files for Chapter 11 Bankruptcy Protection

This week has not started well for Sir Richard Branson's Virgin group of companies, with satellite rocket launch outfit Virgin Orbit filing for bankruptcy and fibre broadband network Virgin Media O2 going on the fritz. In fact, it's not been that great a few years for the constellation of corporations that have paid to use the Virgin name that Branson first slapped on his record label in the early 1970s.

Richard Branson's brand in a pickle? Virgin Orbit and Virgin Media troubles add to woes

AMC Preferred Equity Unit

AMC Entertainment

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AMC and APE shares fly in different directions after lawsuit is settled, while Virgin Orbit slumps

Virgin Orbit, the rocket company founded by British billionaire Richard Branson, has filed for bankruptcy in the United States.

Richard Branson's Virgin Orbit files for bankruptcy

Virgin Orbit, which laid off most of its staff last week, struggled to secure funding after a failed satellite launch from the U.K. in January.

Billionaire Richard Branson's Virgin Orbit Files For Bankruptcy After Failed Satellite Launch

Virgin Orbit files for Chapter 11 bankruptcy after failing to secure needed funding. It will try to sell its assets after laying off most of its staff last week.

Virgin Orbit Files for Bankruptcy Protection

Virgin Orbit Holdings Inc (NASDAQ:VORB) has filed for Chapter 11 bankruptcy but received a US$31.6mln financing commitment from founder Sir Richard Branson's Virgin Investments for to allow it to continue operating during the process. It said it plans to use the debtor-in-possession (DIP) financing from Branson's Virgin Investments and the Chapter 11 process “to maximize value for its business and assets”.

Virgin Orbit files for Chapter 11 bankruptcy, Branson tops up investment US$31.6mln

Virgin Orbit has filed for Chapter 11 bankruptcy protection in the US after failing to secure the funding needed to recover from a January rocket failure.

Richard Branson's satellite launching firm Virgin Orbit files for bankruptcy protection

The company says it is working toward finding a buyer.

Richard Branson's Satellite Company Virgin Orbit Files for Bankruptcy

Move by firm founded by Sir Richard Branson comes days after 85% cut of workforce announced

Virgin Orbit files for bankruptcy protection in US after failing to find funding

Virgin Orbit on Tuesday filed for Chapter 11 bankruptcy protection in the U.S. after failing to secure a funding lifeline.

Virgin Orbit files for Chapter 11 bankruptcy protection in the U.S.

LONG BEACH, Calif.--(BUSINESS WIRE)--Virgin Orbit Holdings, Inc. and its U.S. subsidiaries, (the “Company” or “Virgin Orbit”), a responsive space launch provider, announced today that it commenced a voluntary proceeding under Chapter 11 of the U.S. Bankruptcy Code (“Chapter 11”) in the United States Bankruptcy Court in the District of Delaware in order to effectuate a sale of the business.

Virgin Orbit to Continue Sale Process Under Chapter 11 Protection

Virgin Orbit files for bankruptcy protection in the US

Virgin Orbit will be ceasing its operations for the foreseeable future after the company has failed to secure funding. The post Virgin Orbit To Cease Operations After Failing To Secure Funding appeared first on Pulse 2.0.

Virgin Orbit To Cease Operations After Failing To Secure Funding

Canoo

It's the weekend, party people, and you know what that means: It's Week in Review (WiR) time. For the uninitiated, WiR is where TechCrunch recaps all the tech news that took place for the week.

Virgin Orbit runs low on cash, ByteDance pushes a TikTok replacement, and Canoo settles with the SEC

Virgin Orbit's failure is not unexpected. The company needed a perfect commercialization path for its product and did not have one. Virgin Orbit left shareholders extremely vulnerable, securing only up to one year of funding.

Virgin Orbit: A Space SPAC Dream Explodes, Stock Tumbles

Virgin Orbit is on the brink of bankruptcy after last-ditch efforts to secure funding failed.

Here's what went wrong with Virgin Orbit

Virgin Orbit (NASDAQ: VORB ) stock is plummeting lower following an announcement that the space launch company is laying off 85% of its staff, equivalent to about 675 employees. The layoffs will affect all levels of the company and will incur charges of about $15 million due to factors like severance payments and employee benefits.

Cost to Borrow Virgin Orbit (VORB) Stock Surges Higher

Virgin Orbit is laying off about 85% of staff and ceasing operations after failing to secure funding. There isn't much reason for hope that the company can break free of this tailspin.

Why Virgin Orbit Stock Fell to Earth Today

Virgin Galactic

Investors in Virgin Galactic Holdings Inc. SPCE, +1.19% could take a breath Friday, as shares in the aerospace and space travel company appeared unaffected by the troubles facing rocket-launcher builder Virgin Orbit Holdings Inc. VORB, -39.40% Sir Richard Branson is the largest shareholder for both companies, according to FactSet data, and is also chairman of Virgin Atlantic Airways. Virgin Galactic's stock gained 0.7% in morning trading, and has rallied 17.5% year to date.

Virgin Galactic stock gains, even as Virgin Orbit shares plunge after cutting most of its staff

Virgin Orbit (NASDAQ: VORB ) stock is tanking today for a number of reasons. Specifically, the company has been unable to secure the funding it needs.

Virgin Orbit Layoffs 2023: What to Know About the Latest VORB Job Cuts

Sir Richard Branson's Virgin Orbit has said it is laying off 85% of its staff and will cease operations for the foreseeable future.

News for Virgin Orbit Holdings Stock (VORB)