Virgin Orbit, Richard Branson’s Satellite-Launch Venture, Has Fallen Fast

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Virgin Orbit, Richard Branson’s Satellite-Launch Venture, Has Fallen Fast
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Two 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.

A once-hot smaller player in an industry dominated by Elon Musk’s SpaceX, the company is now looking for a bailout

Billionaire entrepreneur Richard Branson and five crew members successfully traveled to the edge of space, experiencing weightlessness aboard a Virgin Galactic spacecraft. The flight is part of a push to spur a new space-tourism industry. Photo: Virgin GalacticTwo months ago, Richard Branson’s Virgin Orbit Holdings Inc. was poised to make history delivering the first satellites into orbit from the billionaire’s home country of the U.K.

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