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Virgin Orbit


 Virgin Orbit has filed for chapter 11 protection.

This is a company that was spun off from Richard Branson's Virgin Galactic.

VG had already, before the spin-off, developed the LauncherOne rocket, for delivering payloads of up to 300 kilograms to low earth order. The spin-off was designed to market that. 

On December 30, 2021, VO became a publicly traded company, on NASDAQ, with the ticker symbol VORB. 

So ... is it important that it is it now in chapter 11? Possibly. VG was the chief competitor to Elon Musk's SpaceX in the private-satellite-launch business. Personally, if Branson cannot do that job any longer I would like to see new entrants. Or a re-organized company, under new management and freed of accumulated debt, getting a fresh start at it. And the latter is what chapter 11, if it works properly, might bring about.   

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