The Latest Breaking News from Virgin Galactic

Virgin Orbit bankruptcy: why the UK's spaceport industry may still have a bright future

The UK’s space sector has shown a remarkable dynamism in the past few years. According to the latest official figures, the sector’s revenue grew about 5.1% in 2021, outpacing the global space industry. This is even more impressive considering the UK’s economy declined over the same period.

The Conversation · Apr 14, 2023

SPAC king Chamath Palihapitiya: end of ZIRP era spells doom for unprofitable startups

The billionaire venture capitalist has a harsh message for unprofitable startups: 'the mathematical truth of high interest rates is that it renders your company valueless.’

Fortune · Apr 5, 2023

How Long Beach's Virgin Orbit spiraled into bankruptcy protection

Six years ago, Virgin Orbit's future seemed bright.

Los Angeles Times · Apr 4, 2023

Virgin Orbit ceases operations after failing to find funding

Virgin Orbit Holdings Inc., the satellite-launch company tied to British billionaire Richard Branson, is ceasing operations indefinitely, succumbing to growing cash-crunch pressures that have paralyzed startups in many emerging technologies.

Tribune News Service · Mar 31, 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

Virgin Orbit restarts operations with 'small' team as it works on finance deal: reports

Launch company Virgin Orbit is bringing back some of its furloughed employees after putting them on leave last week, according to media reports.

Space · Mar 22, 2023

Virgin Orbit eyes options as it works to generate cash flow: report

Launch company Virgin Orbit is engaging companies for discussions after furloughing most of its staff last week, according to media reports.

Space · Mar 20, 2023

Former Virgin Galactic CEO enters US House race north of LA

Former Virgin Galactic CEO George Whitesides says he is seeking the U.S. House seat held by Republican Rep. Mike Garcia in a district north of Los Angeles

The Independent UK · Feb 22, 2023

‘Wings like cracked eggshells’: Richard Branson faces turbulence over safety of space flights

Investors are pursuing legal action against Virgin Galactic, claiming its carrier aircraft and space vehicle were not designed for regular space travel

The Guardian - UK · Jan 14, 2023

Elon Musk and infant son made surprise visit to Richard Branson in middle of the night before SpaceX flight

‘We made a pot of tea and sat outside under the stars and caught up’

The Independent UK · Jan 9, 2023