By Jackie Wattles, CNN Shares of Virgin Galactic, the space tourism venture founded by Richard Branson, are plunging after the British billionaire said he has no plans to invest more money in the company as he says it has “sufficient funds” already. Early Monday, Virgin Galactic stock was down...
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The California-based company said in a statement Monday that it had filed for Chapter 11 bankruptcy, meaning that it can continue doing business while it restructures its debts.
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Virgin Orbit — the rocket company founded by British billionaire Richard Branson — is laying off the vast majority of its workforce as company leadership struggles to secure additional funding.
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When future generations write about the history of space travel, 2021 may well get its own chapter. “The year of the billionaires,” it might be called.
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The Federal Aviation Administration has confirmed it is investigating Richard Branson’s flight to space, saying the rocket-powered plane operated by his company, Virgin Galactic, veered off course during its descent.
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Richard Branson became the first person to ride into space aboard a rocket he helped fund. The supersonic space plane developed by his company, Virgin Galactic, roared into the sky over New Mexico early Sunday, carrying Branson and three fellow crewmembers.
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Flying into space is hardly the first big risk Richard Branson has taken. Here are just some of Branson’s near-death experiences ahead of his first space flight scheduled for Sunday.
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Richard Branson will boldly go where no space baron has gone before on Sunday, when he steps onto the supersonic space plane from his rocket venture, Virgin Galactic. Here’s a look at the details, expectations and risks.
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If all goes as planned, Branson’s flight will beat fellow space baron Jeff Bezos’s trip by just nine days. (Branson swears he didn’t time his trip to beat Bezos but, like, come on.)
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