Virgin Galactic Holdings

Commercial space travel shares plenty of similarities with deep sea tourism: wealthy customers, tight spaces, far-flung destinations and waivers that clearly warn people they're risking death by embarking on unregulated vehicles.As the world dissects what went wrong with the doomed OceanGate submersible vessel, the craft's lack of safeguards is raising alarms. The founder of the deep-sea tour group once called safety a “pure waste” and industry peers flagged the potentially “catastrophic” results of his “experimental”…

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Richard Branson’s Virgin Orbit Holdings Inc. has filed for bankruptcy after the satellite-launch venture said it wasn’t able to secure sufficient funding to continue in what has become a hypercompetitive market. The company on Tuesday said it was working to sell itself. Just three months ago, it was poised to make history by delivering the first satellites into orbit from the billionaire’s home country of the U.K.—before the high-profile launch ended in the destruction of its satellite…

Two months ago, Richard Branson’s Virgin Orbit VORB -9.14% Holdings Inc. was poised to make history delivering the first satellites into orbit from the billionaire’s home country of the U.K.That high-profile launch from Cornwall, England, went badly, ending in the destruction of its satellite payload and triggering a probe into what went wrong.  Now, Virgin Orbit is in talks with two financial institutions about a bailout and has furloughed staff,…