Richard Branson's Virgin Orbit is working Ducera and Alvarez & Marsal to draw up insolvency plans in case it cannot secure funding from investors, according to Sky News
Virgin Group founder says the Russians are no longer fighting hand-to-hand combat, they are now 'leveling cities' on 'The Claman Countdown.'in case it cannot secure emergency funding from investors this week, according to Sky News.
Virgin Orbit paused all operations and furloughed most of its employees on Wednesday, two months after the company experiencedThe failure caused the company's shares to drop as much as 20% when it happened, "Virgin Orbit is initiating a company-wide operational pause, effective March 16, 2023, and anticipates providing an update on go-forward operations in the coming weeks," a spokesperson said on Wednesday.
In the meantime, Virgin Orbit leaders are meeting with prospective investors in a bid to restart its operation.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Virgin Orbit, Richard Branson’s Satellite-Launch Venture, Has Fallen FastTwo months ago, Richard Branson’s Virgin Orbit was poised to make history delivering satellites into orbit from the U.K. for the first time. Now, the company is looking for a bailout.
Read more »
Planet Uranus: Facts About Its Name, Moons and OrbitUranus is more than just a silly name. It was actually the first planet to be discovered with a telescope ⬇️
Read more »
Protecting Earth’s Orbit: Scientists Urge Global Action To Eliminate Hazardous Space DebrisA collaboration led by the University of Plymouth has urged leaders to learn lessons from the management of the High Seas and act to protect Earth’s orbit. Scientists have called for a legally-binding treaty to ensure Earth’s orbit isn’t irreparably harmed by the future expansion of the global sp
Read more »
Gina Rodriquez reveals sex of first child after welcoming baby with husband Joe LoCiceroThe 'Jane the Virgin' star married LoCicero in 2019.
Read more »
What really happened when Jane Fonda and Richard Roundtree kissed in ‘Moving On’Jane Fonda kissed Richard Roundtree in the comedy “Moving On.” Fonda’s cold prevented the lip-lock at first, said its director Paul Weitz.
Read more »
Club Q shooting hero Richard Fierro honored by American Red CrossThe American Red Cross of Colorado and Wyoming has honored the Club Q shooting hero Richard Fierro with the Lifesaving Military Hero of the Year Award.
Read more »