Virgin Orbit could raise $200m in cash rescue
Sir Richard Branson-backed Virgin Orbit says it is in talks about a $200 million (€183m) rescue package. Virgin Orbit, which launches rockets and their satellite cargoes, has suspended production and placed staff of a payment furlough while it negotiated its way through a cash crunch. The discussions are with Texas-based venture capitalist Matthew Brown about […]
March 23, 2023By Chris Forrester