How Virgin Orbit Went Bankrupt
Virgin Orbit has set a deadline of May 14 for bids on its business, the bankrupt rocket-maker said in a court filing this week.Astronomers Could Soon Get Warnings When SpaceX Satellites Threaten Their ViewThe company, which built an air-launched rocket designed to fly small satellites into orbit, was spun out of Richard Branson’s space tourism company Virgin Galactic. It went public through a SPAC transaction in late 2021, but many of investors pulled out of the deal at the last minute, leaving it with less capital than…