March 28, 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

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