Richard Branson’s rocket company files for bankruptcy
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
Richard Branson’s rocket company Virgin Orbit laying off 85% of its workers
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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