Richard Branson fed up: Virgin Orbit shuts down after failed rocket launch

class=”sc-29f61514-0 kHgAwW”>

1/2
Photograph of the Virgin Orbit rocket just before its failed attempt to enter space. (archive image)

US space company Virgin Orbit shuts down after a failed rocket launch. This emerges from the statement made by British entrepreneur Richard Branson (72) from his California-based company.

Fixed assets will be sold to four buyers who win a tender. According to British broadcaster Sky News, most previous headquarters went to rival Rocket Lab USA.

More about Virgin Orbit
Space company Virgin Orbit files for bankruptcy in the US
air traffic
Virgin Orbit files for bankruptcy in the US
Europe's first rocket mission fails
problems in orbit
Europe’s first rocket launch fails
Entertainer and Entrepreneur
Entrepreneur Richard Branson turns 70

The statement said the company, which was founded in 2017, has managed to “set significant milestones and make lasting contributions to the advancement of satellite launches in the US and UK”.

Virgin Orbit was instrumental in its attempt to launch the first satellite from UK soil earlier this year. An aircraft raised the launch vehicle to high altitude before launch. However, the mission failed. In April, the US filed for bankruptcy. (SDA)

Source :Blick

follow:
Tim

Tim

I'm Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor's Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.

Related Posts