Richard Branson’s Virgin Orbit to Cease Operations After Failed Rocket Launch

Richard Branson’s Virgin Orbit to Cease Operations After Failed Rocket Launch
Sir Richard Branson speaks after he flew into space aboard a Virgin Galactic vessel in New Mexico on July 11, 2021. Patrick T. Fallon/AFP via Getty Images
Katabella Roberts
Updated:

Richard Branson’s rocket company Virgin Orbit will cease operations after its failed rocket launch out of the United Kingdom, officials announced.

The company said in a May 23 statement that it will sell its assets and equipment to four winning bidders in a “comprehensive sale process and competitive auction” and cease operations.
Katabella Roberts
Katabella Roberts
Author
Katabella Roberts is a news writer for The Epoch Times, focusing primarily on the United States, world, and business news.
Related Topics