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Richard Branson is shutting down Virgin Orbit - and selling off assets worth $36 million

Billionaire Richard Branson announced the shutdown of his satellite launch company Virgin Orbit. The decision is due to a lack of funding and the disastrous failed mission in January.

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Virgin Orbit to cease operations, sell assets of Richard Branson s satellite launcher

Virgin Orbit to cease operations, sell assets of Richard Branson s satellite launcher
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Richard Branson s Virgin Orbit to Shut Down Following Bankruptcy, Assets Sold in Auction

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.

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Virgin Orbit bankruptcy sale: Rocket Lab, Stratolaunch and Launcher

Bankrupt rocket company Virgin Orbit sold its assets and equipment to a trio of aerospace companies in an auction.

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Virgin Orbit auctions $36 mln in remaining assets as company folds

WASHINGTON, May 23 - Richard. | May 23, 2023

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