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No one should be surprised Virgin Orbit failed—it had a terrible business plan

No one should be surprised Virgin Orbit failed—it had a terrible business plan
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Richard Branson distances himself from Virgin space mistake

Richard Branson was long a force to be reckoned with in the booming private space business. But following a serious setback in January, he’s missing in action.

United statesUnited kingdomDan hartCarissa christensenCaleb henryElon muskVirgin galacticUnited launch allianceBranson virgin groupRocket labSilicon valley bankVirgin orbitCornwall airportChief executive officer dan hartBryce spaceSpaceport cornwall

Billionaire Branson sits out Virgin Orbit s costly flameout

Billionaire Branson sits out Virgin Orbit s costly flameout
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Billionaire Branson remains Virgin Orbit s expensive flameout

Shares of the business dropped 33%– its steepest one-day loss ever before– to shut Monday at 54 cents

United statesUnited kingdomLong beachCaleb henryRichard bransonKing chamath palihapitiyaCarissa christensenJeff bezosMatthew brownDan hartChad andersonSilicon valley bankVirgin groupSpire global incAstra space incUnited launch alliance

Branson s Virgin Orbit to go public through $3 2 billion SPAC merger

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