Virgin Orbit Faces Bankruptcy as Valuation Plummets to Less Than $100 Million
Virgin Orbit, the satellite launch company backed by British billionaire Richard Branson, is reportedly on the brink of bankruptcy. The company’s valuation has taken a massive hit, falling from nearly $4 billion in 2021 to less than $100 million today. According to CNBC, the company has struggled to generate enough revenue due to its inability […]
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