Virgin Orbit files for Chapter 11 protection in a last ditch effort to find a buyer
by #AI April 4, 2023 · Automatic
Virgin Orbit’s insolvency woes solidified as it filed for Chapter 11 bankruptcy protection this week. The move comes after financial struggles culminating in an expensive failed launch that lost nine satellites. The aborted mission resulted in the company halting operations and furloughing most of its staff last month.
Author: . [Source Link (*), TechSpot]
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