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Fortune
Fortune
Christiaan Hetzner

Virgin Orbit's sudden collapse is the latest in a series of high-risk failures by Richard Branson

Virgin Group founder Richard Branson (Credit: John Lamparski—Getty Images)

Richard Branson’s Virgin Orbit appears to be at death’s door after another one of the British billionaires high-risk tech investments has flopped.

Weeks after the attempted launch of a payload from a U.K. soil failed, a major milestone for the satellite deployment startup, the company is now running out of money.

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