Virgin Orbit Files For Bankruptcy, Looks For Buyer
Credit: Matthew Horwood/Getty Images
Virgin Orbit has filed for Chapter 11 bankruptcy protection in the U.S. less than a week after laying off most of its staff. In an April 3 filing, Virgin Orbit said it decided to begin Chapter 11 proceedings “in order to effectuate a sale.” Ater failing to secure additional financing, “we ultimately...
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