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The Independent UK
The Independent UK
National
Michelle Chapman

Virgin Orbit seeks bankruptcy protection after mission fail

Matthew C Hartman

Richard Branson's Virgin Orbit is filing for Chapter 11 bankruptcy protection after a failed mission this year and increasing difficulty in raising funding for future missions.

The company laid off most of its staff on Friday and told the U.S. Bankruptcy Court for the District of Delaware in a filing Monday that it was looking to sell its assets.

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