virgin orbit Archives

Virgin Orbit Shuts Down Operations and Divests Assets Following April Bankruptcy

Aerospace spinoff Virgin Orbit recently shut down, ending six years of operation after failing to secure a funding lifeline.

Virgin Money Launches Digital Wealth Platform with Leverage from Leading Financial Services Facilitator FNZ

FinTech News, News, Technology News

By Tolu Ajiboye Apr 13, 2023

Virgin Money has launched a digital platform that caters comprehensively to first-time and professional investors.

Virgin Orbit Files for Chapter 11 Bankruptcy in US

Business News, Market News, News, Stocks, Story of the Day

By Godfrey Benjamin Apr 4, 2023

When Virgin Orbit went public, its valuation was pegged at around $4 billion, however, the tides have shifted over the past few months with the company’s market capitalization now pegged at around $65.38 million.

Business News, Market News, News, Stocks, Wall Street

VORB Stock Up 70% in Pre-market, Virgin Orbit to Receive $200M Investment from Matthew Brown

By Ibukun Ogundare Mar 22, 2023

Virgin Orbit stock is up over 73% in the pre-market while yesterday it closed down almost 15%.

Business News, Deals News, Market News, News

Richard Branson’s Virgin Orbit Staring at Bankruptcy This Week in Absence of Deal

By Bhushan Akolkar Mar 21, 2023

Sources familiar with the matter said that if Virgin Orbit fails to strike a deal this week, it’s preparing for restructuring in the case of insolvency.

Business News, Market News, News

Virgin Orbit May File for Bankruptcy if Capital Raise Fails

By Godfrey Benjamin Mar 20, 2023

As a company, Virgin Orbit has a very definitive goal, and that’s to deliver small commercial satellites to Earth’s orbit.

Business News, Market News, News, Stocks, Wall Street

Virgin Orbit (VORB) Shares Down Over 40% with Company Furloughing Almost Entire Staff

By Ibukun Ogundare Mar 16, 2023

As of the end of Q3, Virgin Orbit has $71.2 million in cash and $30.9 million in revenue.

Business News, Market News, News, Stocks, Wall Street

Virgin Orbit Shares Slump 27% in Pre-Market after Its Failed Space Mission

By Godfrey Benjamin Jan 10, 2023

The news of the mission’s failure did not augur well with the firm’s investors as reflected in its stock performance.

Business News, News, Technology News, Transportation News

Virgin Orbit Secures UK License for Space Flights

By Bhushan Akolkar Dec 21, 2022

As per the permission granted by the UK Civil Aviation Authority, Virgin Orbit can operate its flight from the Spaceport Cornwall in southwest England.

Business News, Market News, News, Stocks

Virgin Orbit to Go Public via SPAC in $3 Billion Deal

By Ibukun Ogundare Jun 14, 2021

Notably, Virgin Group owns 80% of Virgin Orbit shares, with Mubadala Development Company owning 20%.

Business News, Market News, News, Stocks, Technology News

SPCE Stock Up 7%, Virgin Galactic on Continuous Rebound After Series of Declines

By Ibukun Ogundare Jan 13, 2021

SPCE stock went higher after the news that Virgin Orbit, Virgin Galactic’s sister company, is ready to re-launch a satellite into orbit.

Business News, Investors News, Market News, News, Technology News

Virgin Orbit Looks for Fresh Funding Eyeing $1 Billion in Valuation

By Bhushan Akolkar Oct 12, 2020

Richard Branson’s Virgin Orbit that specializes in small satellite launches is looking for a fresh round of funding that could raise the company valuations to $1 billion.

Business News, Market News, News, Stocks, Wall Street

Virgin Galactic (SPCE) Stock Jumped 23.09% on What Is Thought to Be a Mistaken Identity

By Steve Muchoki Apr 15, 2020

Virgin Galactic (SPCE) stock jumped 23% on Tuesday after the headlines that Virgin Orbit had won a government contract. Virgin Orbit is privately owned by Sir Richard Branson, different from the publicly traded Virgin Galactic.