Rocket startups face adapt-or-die moment amid investment droughtThe industry faces an interesting dichotomy. Demand has surged from launching a few satellites on small rockets to launching swarms of sate...
17 Apr, 2023, 03.57 PM IST
Virgin Orbit's would-be white knight and a $200 million rescue that fell flatWithin two days of being contacted by Brown, Virgin Orbit Chief Executive Dan Hart had secured board backing for a preliminary agreement wi...
08 Apr, 2023, 11.14 PM IST
Richard Branson's Virgin Orbit files for bankruptcy, to seek buyerThe Long Beach, California-based company lodged the filing in the U.S. Bankruptcy Court for the District of Delaware seeking a sale of its ...
04 Apr, 2023, 05.04 PM IST
Branson's Virgin Orbit files for bankruptcyThe Long Beach, California-based company lodged the filing in the U.S. Bankruptcy Court for the District of Delaware seeking a sale of its ...
04 Apr, 2023, 11.40 AM IST
Richard Branson’s brainchild Virgin Orbit lays off 85% of its workforceThe layoffs will affect 675 employees of the space company, according to the filing. The company attributed the layoffs to its inability to...
31 Mar, 2023, 12.04 PM IST
Virgin Orbit to lay off about 85% of staffAbout 675 employees will lose their jobs, and the company expects to take related charges of about $15 million, Virgin Orbit said in a regu...
31 Mar, 2023, 08.16 AM IST
Wall Street ends sharply lower as Powell warns inflation fight continuesGains pared during Powell's remarks and Q&A session in which he vowed to use all available tools to keep the banking system sound, but reit...
23 Mar, 2023, 08.04 AM IST
Britain's historic satellite launch ends in failure due to 'anomaly'The UK's groundbreaking attempt to launch satellites from its own soil reached space late last night, but it 'fell short of reaching its ta...
10 Jan, 2023, 04.13 PM IST
Historic UK rocket mission ends in failureA Virgin Orbit Boeing 747 carrying the 70-foot (21-metre) rocket took off from a spaceport in Cornwall, southwest England, at 2202 GMT.
10 Jan, 2023, 07.37 AM IST
UK’s first rocket launch gets boost with granting of crucial licence. See detailsVirgin Orbit will use Cosmic Girl, a modified Boeing 747, to launch the LauncherOne rocket carrying nine satellites into space.
22 Dec, 2022, 07.13 PM IST
Richard Branson's Virgin Orbit to list through SPAC merger at $3.2 billion valuationThe deal with NextGen Acquisition Corp. II also includes a private investment in public equity (PIPE) of $100 million, from parties such as...
23 Aug, 2021, 05.14 PM IST
Bezos, Branson are ready to fly billionaires away from the Earth. But does the distance covered by them actually count as space?The definition of where space begins is very subjective.
17 Jul, 2021, 05.11 PM IST
Richard Branson's Virgin Orbit reaches space on 2nd tryA 70-foot-long (21.34-meter-long) LauncherOne rocket was released from beneath the wing of a Boeing 747 carrier aircraft off the coast of S...
18 Jan, 2021, 06.43 AM IST
Richard Branson's Virgin Orbit fails on first rocket launch attemptThe inaugural launch had appeared to be going well until moments after the rocket was dropped from beneath the left wing of the jumbo jet d...
26 May, 2020, 07.50 AM IST
Branson’s Virgin Galactic space business to go publicVirgin Galactic representatives didn’t immediately respond to requests for comment.
09 Jul, 2019, 10.55 AM IST
Richard Branson aims at mid-2018 space trip as Virgin Galactic resumes powered tests“We will never be able to build enough spaceships,” Branson said Wednesday in Hong Kong following the introduction of Virgin Australia Hold...
06 Jul, 2017, 11.19 AM IST
OneWeb, backed by Virgin Group and Qualcomm to provide global internet accessThe firm called OneWeb has received investment from Virgin Group and Qualcomm to launch a constellation of 648 micro-satellites into orbit.
19 Jan, 2015, 02.06 PM IST