How Richard Branson’s Virgin Orbit Went Bankrupt | WSJ What Went Wrong
The Wall Street Journal The Wall Street Journal
5.18M subscribers
93,488 views
0

 Published On May 5, 2023

Richard Branson’s Virgin Orbit has failed to take off after being deemed a promising satellite-launch startup. The business made a big bet on using Boeing 747s to launch satellites into space, but that bet hasn’t paid off.

The company 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.

0:00 Virgin Orbit’s big bet on launching satellites from airborne 747s
0:44 Background on Branson’s Virgin Galactic
3:04 Virgin Orbit spins off of Virgin Galactic
5:14 Virgin Orbit’s downfall

What Went Wrong explores the challenging conditions and decisions that led to a company's downturn.

#VirginOrbit #RichardBranson #WSJ

show more

Share/Embed