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The Independent UK
The Independent UK
National
Thomas Kingsley

Richard Branson’s Virgin Orbit files for bankruptcy after axing 85% of workforce

Getty Images

Virgin Orbit has filed for Chapter 11 bankruptcy protection after failing to secure the funding needed to recover from a January rocket failure.

It comes just days after the California-based satellite launch company said it was laying off 85 per cent of its 750 staff and ceasing operations for the foreseeable future.

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