Virgin Orbit files for bankruptcy protection as it seeks a buyer

Engadget
By Mariella MoonApr 4, 2023, 5:42 am134 pts
Virgin Orbit has filed for Chapter 11 bankruptcy protection a few days after officially shutting down its space launch operations. The private space company has been burning money for a while now and reported a loss of $49.2 million in its last fiscal quarter. It tried to raise money in late 2021 by going…

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