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The Times of India
The Times of India
Business
Bloomberg

Richard Branson’s rocket-launch firm Virgin Orbit files for bankruptcy

Richard Branson Virgin Orbit Virgin Orbit Holdings Inc Virgin Galactic

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 85% of its staff.

The company listed $243 million in assets and $153.5 million for its total debt in a Chapter 11 petition filed in Delaware.

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