April 26, 2024

Richard Branson’s Virgin Orbit to Shut Down Following Bankruptcy, Assets Sold in Auction

Astrid Stawiarz/Getty Images for SiriusXM Virgin Orbit, the satellite launch provider founded by Sir Richard Branson, has confirmed it is shutting down after selling its facility leases and equipment to three aerospace companies following bankruptcy. CNBC reports that Virgin Orbit, a pioneer in satellite launch services, announced its closure after selling its equipment and facility

U.S. to Auction Almost 1 Million Acres Off Alaskan Coast for Oil Drilling

The United States will auction nearly one million acres off the Alaskan coast for new oil and gas drilling in December, mandated in the so-called ā€œInflationā€ Reduction Act (IRA). The United StatesĀ Bureau of Ocean Energy Management (BOEM), inside the Department of Interior, will put hundreds of thousands of acres off Alaskaā€™s southcentral coast up for

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