A report from analysts at Quilty Space (the former Quilty Analytics) takes a forensic look at the reasons behind the collapse of Sir Richard Branson’s Virgin Orbit, and reports on what contributed to the project’s failure and entry into Chapter 11 reconstruction. Quilty reminds readers that Virgin Orbit was unveiled back in 2012 and has […]

Virgin Orbit has secured $31.6 million (€29.9m) in ‘Debtor in Possession’ financing from its US bankruptcy court in Delaware. The satellite services company said it intends to use the Chapter 11 process to maximise value for its business and assets. The cash comes from Virgin Investments. “Upon approval from the Bankruptcy Court, the DiP financing […]