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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 · Jun 20, 2023

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 · May 19, 2023

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 · Apr 10, 2023

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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 · Apr 4, 2023

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 · Apr 4, 2023

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 · Apr 4, 2023

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 · Apr 4, 2023

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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 · Mar 31, 2023

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 · Mar 31, 2023

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 · Mar 30, 2023

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 · Mar 28, 2023

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 · Mar 16, 2023

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 · Mar 1, 2023

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 · Jan 10, 2023

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Reuters · Jan 10, 2023

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 · Jan 9, 2023

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 · Nov 8, 2022

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 · Jul 12, 2022

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 · Mar 17, 2022

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 · Jan 27, 2022

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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