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May 11, 2023

Remains of Bankrupt Virgin Orbit Hungrily Eyed

More than 30 Entities Signal Interest in Troubled Space Launch Outfit

Virgin Orbit Holdings announced an update in the sale process for the company, noting that it has so far obtained more than 30 indications of interest in buying the space tourism operation. The company’s hard financial position hasn’t dissuaded would-be buyers from hungrily eyeing the remains of Branson’s attempted satellite delivery service, which showed plenty of promise to become one of the most affordable options on the market - once they get the kinks out. A troubled economic current made financing the continued money-burning endeavor untenable for existing investors, leading to a sale of the company as it tightens the belt and tries to retain as much

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