The Future of Space Dreams in Question as Virgin Orbit Goes Bankrupt.
TL;DR Summary
The bankruptcy filing of Virgin Orbit has put Japan's plans to build a domestic space industry on hold, including the creation of a spaceport in Oita prefecture. The partnership between Oita and Virgin Orbit aimed to launch small satellites from Oita as early as last year, but the plan never materialized. Two Japanese companies, ANA Holdings and iQPS, emerged among the top six creditors when Virgin Orbit filed for Chapter 11 bankruptcy protection. Despite the setback, Oita prefecture remains hopeful that a spaceport will eventually emerge.
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