https://spacewatch.global/tag/virgin-investments-ltd/ AN INDEPENDENT PERSPECTIVE ON SPACE Wed, 05 Apr 2023 06:00:50 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://spacewatch.global/wp-content/uploads/2024/09/SpaceWatchGlobal-Sign-90x90.png https://spacewatch.global/tag/virgin-investments-ltd/ 32 32 https://spacewatch.global/2023/04/virgin-orbit-files-for-bankruptcy/ Wed, 05 Apr 2023 06:00:50 +0000 https://spacewatch.global/?p=47835 Virgin Orbit Holdings Inc. filed for bankruptcy after the satellite launch firm was unable to secure the funding necessary to keep operating and cut about 85% of its staff. The company listed $243 million in assets and $153.5 million for its total debt in a Chapter 11 petition that it filed in Delaware. However, Virgin Investments Ltd has committed to offering an additional $31.6 million to keep the Company's operation going while it seeks a buyer.]]>