Virgin Orbit Holdings

Virgin Orbit Holdings, Inc. builds and operates flexible and responsive launchers. The firm also developed a proprietary air-launch technology, coupled with world-class manufacturing infrastructure and a proven team to transform space access for a diverse and global customer base. Its LauncherOne satellite renders services for commercial and government-built small satellites. The company was founded on January 11, 2021 and is headquartered in Long Beach, CA.

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Virgin Orbit Holdings, Inc. engages in the development and operation of small-satellite launch. The company was founded on January 11, 2021 and is headquartered in Long Beach, CA.

A new 3D-printed rocket engine created by Skyrora is undergoing testing in Scotland ahead of plans for launching it into space. The privately-owned rocket manufacturer created the engine using its Skyprint 2 machine, one of Europe's largest 3D printers.

3D-printed rocket engine begins testing in Scotland

Rocket Lab USA

Virgin Orbit Holdings Inc

Rocket Lab USA RKLB, -8.69% said Tuesday it is finalizing an asset purchase agreement to buy certain aerospace production and manufacturing assets as part of Virgin Orbit Holdings's VORWQ, +28.79% chapter 11 bankruptcy auction.

Rocket Lab agrees to pay $16 million for portion of Virgin Orbit assets

Bankrupt satellite-launch company Virgin Orbit Holdings Inc. VORWQ, +28.79% is winding down operations after selling facilities, some equipment and other assets to at least three aerospace companies, including Rocket Lab USA Inc. RKLB, -8.69%, CNBC reported late Tuesday, citing a statement it obtained from Virgin Orbit. The company has filed for bankruptcy and earlier this month said it had received “over 30 indications of interest” from parties proposing to continue operations and retain current employees.

Virgin Orbit starts to wind down operations, sell assets: report

LONG BEACH, Calif.--(BUSINESS WIRE)--Virgin Orbit Holdings, Inc. (the “Company” or “Virgin Orbit”), a responsive space launch provider, announced today that, following a comprehensive sale process and competitive auction conducted under the United States Bankruptcy Code, the Company will sell its assets to four winning bidders and will cease operations. The following is a statement from the Company: “Throughout its history, Virgin Orbit has been at the forefront of innovation and has made subst.

Statement Regarding Virgin Orbit

Virgin Orbit, once valued at $3.7B, has been chopped up for parts. The company has concluded the auction for its assets, which were put up for sale as part of its Chapter 11 bankruptcy proceedings.

Virgin Orbit's launch business sold for parts to Vast, Stratolaunch, and Rocket Lab

Bankrupt rocket company Virgin Orbit sold its assets and equipment to a trio of aerospace companies in an auction.

Virgin Orbit sells assets in bankruptcy auction to Rocket Lab, Stratolaunch and Vast's Launcher

Richard Branson's bankrupt satellite launch firm Virgin Orbit said in a Tuesday court filing it plans to sell the bulk of its Long Beach, California headquarters, including its machinery and equipment, to small launch firm Rocket Lab for $16 million.

Virgin Orbit to sell its manufacturing facility to Rocket Lab

Bankrupt rocket company Virgin Orbit received a $17 million "stalking horse" bid for its modified 747 carrier jet and other aircraft assets on Tuesday.

Virgin Orbit receives $17 million bid for rocket-carrying aircraft in bankruptcy court

Bankrupt satellite launch company Virgin Orbit said on Tuesday it entered into a "stalking horse" agreement with Stratolaunch to sell mainly its aircraft assets, including the "Cosmic Girl" carrier aircraft, for $17 million in cash.

Virgin Orbit enters $17 million 'stalking horse' bid to sell aircraft assets

Virgin Orbit has pushed back the deadline for rescue bids as the commercial satellite venture founded by Sir Richard Branson scrambles to avert bankruptcy.

Virgin Orbit delays bid deadline in scramble to find rescuer

LONG BEACH, Calif.--(BUSINESS WIRE)--Virgin Orbit Holdings, Inc. (the “Company” or “Virgin Orbit”), a responsive space launch provider, has announced today an update regarding the process for sale of the Company. Pursuant to court-approved bid procedures, as of May 4, 2023 the Company had received over 30 indications of interest including multiple parties that proposed to continue to operate the business as a going concern and retain current employees in an integrated enterprise. A bid deadline.

Company Update: Virgin Orbit Receives More Than 30 Indications of Interest Under Court Approved Bid Procedures

Once promising satellite-launch startup Virgin Orbit filed for bankruptcy in April after launch issues and a changing satellite market caught up with it. WSJ explains what led to the Virgin Galactic spinoff's collapse.

Virgin Orbit: How Richard Branson's Satellite Startup Went Bankrupt

Signature Bank

SVB Financial Group

SVB Financial Group, the onetime parent of Silicon Valley Bank, and Signature Bank will be delisted from the Nasdaq, the Nasdaq Stock Market announced on Friday, following the failure of both banks and the trading suspension of their shares last month. Richard Branson's Virgin Orbit Holdings Inc., a developer of satellite launch systems, will also be delisted, after the company filed for Chapter 11 bankruptcy this month.

SVB Financial Group, Signature Bank, Virgin Orbit to be delisted from Nasdaq

Richard Branson's Virgin Orbit Holdings Inc. has told interested buyers to submit bids in the next three weeks to purchase the failed satellite launch company, The Washington Post reported on Thursday.

Virgin Orbit lays out sale plans: report

LONG BEACH, Calif.--(BUSINESS WIRE)--Virgin Orbit Holdings, Inc. and its U.S. subsidiaries (the “Company” or “Virgin Orbit”), a responsive space launch provider, announced today that it filed a plan, which provides for, among other things, resolution of outstanding claims and interests (the "Plan") and a related Disclosure Statement in the U.S. Bankruptcy Court for the District of Delaware ("the Court"). The Plan and Disclosure Statement are subject to Court approval.

Virgin Orbit Files Chapter 11 Plan and Related Disclosure Statement

Virgin Orbit Holdings Inc on Wednesday blamed a dislodged filter for its failed rocket launch in January and said it was planning a flight later this year as the issue has been fixed.

Virgin Orbit blames 'dislodged filter' for January launch failure

LONG BEACH, Calif.--(BUSINESS WIRE)--On Wednesday, April 12th, 2023, Virgin Orbit Holdings, Inc. (“Virgin Orbit” or the “Company”) successfully completed a month long, full-scale test series to verify the root cause of the January 9th launch failure and test and verify the modification designed to address it.

Virgin Orbit Completes Key Failure Investigation Test, Confirms Cornwall Failure Root Cause and Path Forward for Return to Flight

Virgin Orbit (NASDAQ: VORB ) stock is falling on Tuesday after the space travel company received a delisting notice from the Nasdaq Exchange. This delisting notice is the result of Virgin Orbit voluntarily entering Chapter 11 bankruptcy protection.

Why Is Virgin Orbit (VORB) Stock Down 27% Today?

Here are some of the biggest stock movers on Tuesday.

WeightWatchers parent shares climb, Virgin Orbit Holding's stock sinks on Nasdaq delisting, and other stocks on the move

Virgin Orbit Holdings Inc shares are heading for a new low as it fights a decision by Nasdaq to delist the company's shares and warrants after it filed for Chapter 11 bankruptcy.  Last week, the rocket launch outfit said it would continue operating while it tries to sell the business, helped by further financing from founder Sir Richard Branson.

Virgin Orbit to fall further as Nasdaq looks to force delisting

Virgin Orbit Holdings Inc. VORB, -17.20% on Monday said that the Nasdaq planned to delist its shares after the developer of space-launch systems filed for Chapter 11 bankruptcy protection last week and said it was looking for a buyer. Trading will be suspended on April 13, although the company plans to appeal the decision.

Nasdaq plans to delist Virgin Orbit following bankruptcy filing

LONG BEACH, Calif.--(BUSINESS WIRE)--Virgin Orbit Holdings, Inc. (the “Company” or “Virgin Orbit”), a responsive space launch provider, announced today that it was notified by the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) that Nasdaq had determined to commence proceedings to delist the Company's common stock and warrants to purchase common stock as a result of the Company's commencement of voluntary proceedings under Chapter 11 of the United States Bankruptcy Code. Nasdaq also asserted that the Company is not compliant with Listing Rule 5250(c)(1) because it has not yet filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2022.

Virgin Orbit Announces Receipt of Nasdaq Delisting Notice

Jowell Global

Troika Media Group

Can these tips help you make money with penny stocks? The post Penny Stock Investing: a Quick Guide to Profitability  appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Penny Stock Investing: a Quick Guide to Profitability

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Virgin Galactic

High-profile initiatives by billionaires Elon Musk and Jeff Bezos, coupled with cheap money, helped the sector soar. Once valued as high as $3.2 billion, the Richard Branson-backed satellite launcher sought protection from creditors in court less than two years after making its market debut via a shell company.

Richard Branson Advances The Science Of SPAC Holes

Tony Gingiss, outgoing chief operating officer of Virgin Orbit, issued a heartfelt, but albeit angry, apology to staff on Tuesday, as he appeared to largely lay the blame for the company's failure on boss Dan Hart. “You deserved better than this,” he told staff in the farewell email, “you simply did not have the leadership or opportunity to demonstrate to the world what you can fully do".

News for Virgin Orbit Holdings Stock (VORB)