Virgin Orbit persists with launch plans despite bankruptcy.

1 min read
Source: The Washington Post
Virgin Orbit persists with launch plans despite bankruptcy.
Photo: The Washington Post
TL;DR Summary

Virgin Orbit CEO, Dan Hart, has stated that the company is pressing towards another launch attempt in the coming months as it seeks suitors to rescue it from bankruptcy. The company has been in discussions with potential buyers and bids are due on May 14. Despite laying off 85% of its staff, the company still plans to launch its next rocket in the third quarter, carrying a commercial satellite for a paying customer. The Pentagon's interest in the company for hypersonics testing and missile defense could be attractive to potential buyers.

Share this article

Reading Insights

Total Reads

0

Unique Readers

1

Time Saved

3 min

vs 4 min read

Condensed

88%

73391 words

Want the full story? Read the original article

Read on The Washington Post