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Virgin Orbit raises $25 million from Branson's conglomerate as cash reserve dwindles

Por: CNBC Business November 08, 2022

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In this articleVirgin Orbit's modified 747 jet Cosmic Girl releases the company's LauncherOne rocket for a mission on January 13, 2022.Virgin Orbit raised $25 million, the company announced Monday alongside its third-quarter results, as the alternative rocket launcher faces a dwindling cash reserve.The company disclosed that Virgin Group, an existing shareholder, made the additional $25 million investment on Nov. 4. Virgin Orbit... + full article



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