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Virgin Orbit scrambles to avoid bankruptcy as deal talks continue

Por: CNBC Business March 21, 2023

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In this articleVirgin Orbit's LauncherOne rocket on display in Times Square, New York.CNBC Michael Sheetz is scrambling to secure a funding lifeline and avoid bankruptcy, which could come as early as this week without a deal, CNBC has learned.The rocket builder and furloughed most of the company, as CNBC first reported, while it sought new investment or a potential buyout.Virgin Orbit CEO Dan Hart and other senior leadership held daily... + full article



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