Sir Richard Branson and Virgin Galactic are pleased to announce Virgin Orbit, a new commercial space company, and the appointment of Dan Hart as the first President of the newly created company.

Billionaire Richard Branson is facing some troubles with his two spaceflight companies. Shareholders in Virgin Galactic launched a class action lawsuit with numerous allegations about the space ...

Virgin reports a loss of 57 cents per share against the consensus estimate of a 52-cent loss. The company posted revenues of $392,000 against the $1.16-million Street estimate. The market’s back, and ...

Virgin Orbit is laying off the majority of its workers, around 85 percent, citing the company's failure to secure future funding. Billionaire Richard Branson's rocket company will see approximately ...

Satellite launch firm Virgin Orbit Holdings is calling it quits, and will lay off most of its workforce and wind down plants and testing facilities in Long Beach and the Mojave desert. The Long ...

Virgin Orbit, a satellite launch startup under Branson’s Virgin Group, yesterday (March 15) furloughed nearly all of its employees and told them at an all-hands meeting the company will cease ...

Virgin Orbit, the low Earth orbit small-payload launch company that was spun out of Richard Branson’s Virgin Galactic, has filed for bankruptcy protection with the U.S. Securities and Exchange ...

Forbes contributors publish independent expert analyses and insights. Making wealth creation easy, accessible and transparent. Richard Branson’s private space company has come crashing back down to ...