Richard Branson's Virgin Orbit filed for Chapter 11 bankruptcy after the satellite launch company failed to secure the long-term funding needed to help it recover from a January rocket failure
filed for Chapter 11 bankruptcy on Tuesday after the satellite launch company failed to secure the long-term funding needed to help it recover from a January rocket failure.
The company listed assets of about $243 million and its total debt at $153.5 million as of Sept. 30 in the filing.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Richard Branson's Virgin Orbit, headquartered in Long Beach, slashing 85% of its workforceRichard Branson's Virgin Orbit, headquartered in Long Beach, will cut 675 jobs, about 85% of its workforce, with the satellite launch company finding it difficult to secure funding three months after a failed mission.
Leer más »
Virgin Orbit's near future in 'substantial doubt' over cash position - filingRichard Branson's Virgin Orbit Holdings in a U.S. regulatory filing on Monday said there is 'substantial doubt' its cash position will allow it to continue operating for at least the next 12 months.
Leer más »
China Constructing Huge Megaconstellation in OrbitChina's space program is getting ready to launch the first satellites of its own broadband-beaming mega constellation, SpaceNews reports.
Leer más »
Why will NASA's Artemis 2 only fly around the moon, not orbit or land?There's a very good reason.
Leer más »
SpaceX's Starship mega-rocket could finally launch into orbit in the coming daysIf all goes to plan, Starship will overtake NASA's Space Launch System to become the world's most powerful operational rocket.
Leer más »
China's Space Pioneer Becomes First Private Company to Reach Orbit During Debut LaunchThe company is now the first in China to send a liquid fueled rocket to space, in yet another sign of the country's emerging role in the spaceflight economy.
Leer más »