Virgin Orbit: Branson's rocket firm permanently ceases operations

Virgin Orbit: Branson's rocket firm permanently ceases operations

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The company sold its assets for $36m (£29m), just 1% of the $3.7bn valuation ahead of its Nasdaq debut last year. In March, Virgin Orbit said it would cut 85% of its workforce after failing to secure new investment. It came just weeks after the company paused operations in an apparent attempt to…

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