Virgin Orbit going bankrupt
Virgin Orbit Holdings Inc. filed for bankruptcy after the satellite launch firm tied to British billionaire Richard Branson failed to secure the funding needed to keep operating and cut about 85% of its staff.
The company listed $243 million in assets and $153.5...
Virgin Orbit shuts down operations
Virgin Orbit Holdings Inc., the satellite-launch company tied to British billionaire Richard Branson, is ceasing operations indefinitely, succumbing to growing cash-crunch pressures that have paralyzed startups in many emerging technologies.
The company said...
Virgin Orbit set for UK's first-ever space rocket launch
Richard Branson’s Virgin Orbit Holdings Inc. said it’s on course for Britain’s first-ever space launch as final preparations for the mission proceed as planned following earlier delays.
The takeoff of a modified Boeing Co. 747 jetliner...
5 important things happening in tech today
Apple sold 100 million iPhone 12 devices in the first 7 months after launch.
Microsoft has failed to repair a flaw in Windows 10 that allows hackers to take full control of a target computer or server.
Facebook says Instagram will be established as a...