Richard Branson's Virgin Orbit filed for Chapter 11 bankruptcy after the satellite launch company failed to secure the long-term funding needed to help it recover from a January rocket failure
filed for Chapter 11 bankruptcy on Tuesday after the satellite launch company failed to secure the long-term funding needed to help it recover from a January rocket failure.
The company listed assets of about $243 million and its total debt at $153.5 million as of Sept. 30 in the filing.
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