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Virgin Orbit sells assets to Stratolaunch, Rocket Lab

Richard Branson Virgin Orbit to stop all operations

Richard Branson’s Virgin Orbit has announced they are selling their assets and will cease operations months after a mission failure in the UK.

Virgin Orbit ceases operations; UK Space Agency announces £50m space fund

In contrasting news for the UK space industry, it has been confirmed that Virgin Orbit will permanently cease operations, following its failed rocket launch earlier this year. Meanwhile, the UK Space Agency has launched a £50m fund to support the development of cutting-edge research and development facilities.

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