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The Latest Breaking News from Dan Hart

Testing of 3D-printed space rocket engines begins in the UK

Forget 3D-printed toys, UK company Skyrora is making rockets headed for space

Evening Standard

Virgin Orbit receives $17 million bid from Stratolaunch for carrier plane and related aircraft assets

Virgin Orbit has received a $17 million bid for its aircraft assets from the hypersonic flight company Stratolaunch, according to court filings released on Tuesday (May 16).

Space

Volume in This Stock Is out of This World, and It’s Time to SELL

The outlook for satellite launching company VORB looks highly uncertain following its recent announcement of filing for Chapter 11 bankruptcy protection after failing to secure a funding lifeline. The stock was heavily traded following this news. Given its poor fundamentals, it could be wise to sell this risky stock if…

StockNews.com

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Virgin Orbit files for bankruptcy after funding efforts fail

The California-based launch company Virgin Orbit filed for Chapter 11 bankruptcy on Monday (April 3), shortly after it failed to secure a potential funding lifeline.

Space

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

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 about 85% of its staff.

Tribune News Service

Musk’s SpaceX has once less competitor as Virgin Orbit files for bankruptcy

The startup founded by the Brit will not attempt to reorganize under protection from creditors but instead will pursue an outright sale.

Fortune

Virgin Orbit seeks bankruptcy protection after mission fail

Richard Branson’s Virgin Orbit is filing for Chapter 11 bankruptcy protection after a failed mission and increasing difficulty in raising funding for future operations

The Independent UK

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Richard Branson’s Virgin Orbit lays off 85% of staff and ceases operations

Virgin Orbit said that the layoffs will impact around 675 employees across all areas of the company with equates to around 85% of staff

Daily Mirror

Richard Branson loses £1.5 billion from plummeting Virgin Orbit shares amid funding crisis

Sir Richard Branson has lost a staggering £1.5 billion from his stake in Virgin Orbit over the past year after the company’s share price plummeted more than 95%.

Evening Standard

Virgin Orbit ceasing operations 'for the foreseeable future:' report

Virgin Orbit is ceasing operations "for the foreseeable future" and laying off about 90% of its workforce, according to CNBC.

Space

Virgin Orbit extends employee furlough after finance deal falls through: report

Talks with two separate buyers collapsed over the weekend as Virgin Orbit seeks more cash to continue launch operations, a media report suggests.

Space

Richard Branson's Virgin Orbit pauses space operations with 'staff set to be furloughed'

A spokesperson for Virgin Orbit confirmed the "operational pause" in a statement, but did not comment on the furloughs

Daily Mirror

UK now seen as ‘toxic’ for satellite launches, MPs told

After Virgin Orbit’s failed mission, Commons committee hears complaints about regulator

The Guardian - UK

Virgin space launch: What went wrong?

The UK’s first rocket launch ended in failure, but what happened to the Virgin Orbit space launch?

Evening Standard

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Reuters

Britain's satellite hopes undimmed by mission failure

Britain's hopes of becoming a prime launch site for small satellites remain intact despite the failure of what would have been the first launch into orbit from western Europe, business minister Grant Shapps said on Tuesday.

Wales Online

Final checks for UK's first rocket launch underway

Satellites are due to be launched into space on Monday night (January 9) from Cornwall Airport near Newquay

The Guardian - UK

Cornish climate proves challenging for US space crew

American crew and technicians in UK for historic mission find persistent rain and wind ‘interesting but fun’

Benzinga

Analysis: Can The Webb Telescope Photos Inspire A Space Industry Boom During A Recession?

NASA unveiled a series of dramatic full-color photographs taken by the James Webb Space Telescope, offering the deepest imagery ever captured of the distant edges of the universe.

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Benzinga

Virgin Orbit Collaborates With POLSA To Advance Domestic Space Capabilities In Poland

Virgin Orbit Holdings Inc (NASDAQ:VORB) has signed a letter of intent with the Polish Space Agency (POLSA) to conduct a detailed analysis of LauncherOne's practical applications in support of Poland's science and economy industries. POLSA conveyed its strong interest in bringing a domestic launch capability to Poland, a development made possible through Virgin…

Benzinga

NASA Picks Virgin Orbit To Provide Launch Services Through VADR Contract

NASA has selected Virgin Orbit Holdings Inc (NASDAQ:VORB) to provide launch services through Venture-Class Acquisition of Dedicated Rideshare (VADR) contract. The contract has a five-year ordering period with a maximum total value of $300 million and will be managed by the Launch Services Program at NASA's Kennedy Space Center in Florida. "The VADR…

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