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Richard Branson

Sir Richard Branson has been forced to sell Virgin Orbit

Sir Richard Branson’s rocket company Virgin Orbit closes

Virgin Orbit, a rocket business owned by British billionaire Sir Richard Branson, has filed for bankruptcy in the US after failing to attract new investment.

Virgin Orbit files for bankruptcy

Virgin Orbit is to lay off staff and cease operations after failing to secure new investment. (Photo by Matthew Horwood/Getty Images)

Richard Branson’s Virgin Orbit to lay off staff and cease operations