Virgin Orbit, in a filing to its Chapter 11 bankruptcy court, has set a deadline of May 4th for parties interested in acquiring the business to indicate their interest. Then, it has set May 14th to enter their formal bids. Additionally, May 9th has been set for a meeting of the company’s Creditors. Dan Hart, […]

Virgin Orbit is already flying again despite its Chapter 11 bankruptcy. At least one test flight has taken place since the bankruptcy was put in place. However, Virgin Orbit’s CEO Dan Hart has admitted that he and the business had made mistakes. Hart said that some key financial and operational “missteps” meant the company had […]

Virgin Orbit announced March 30th that it is laying off most of its employees, having failed to raise the additional cash to keep the rocket-launching business afloat. In an SEC filing, Virgin Orbit Holdings said it was laying off 675 staff, some 85 per cent of the total. Most had already been furloughed since mid-March […]