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How Richard Branson's Virgin Orbit rocket firm plummets into bankruptcy

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Virgin Orbit, billionaire Richard Branson's satellite launching company, has filed for Chapter 11 bankruptcy protection.

The filing comes less than two years after Virgin Orbit launched at a valuation of roughly US$3 billion.

Branson is no stranger to high-profile business failures, including Virgin Brides, Virgin Cars and Virgin Cola.

Mike Armstrong explains how the British entrepreneur's venture fell back to Earth.

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Category
U.S. & Canada
Tags
global news, Virgin Orbit, Virgin Orbit Bankruptcy
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