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Virgin Galactic Earnings: A Return To Space, Orbit May Have A Buyer And More
Tuesday, May 9, 2023 - 5:00pm | 532Shares of Virgin Galactic Holdings Inc (NYSE: SPCE) are flat in after-hours trading Tuesday after the company reported first-quarter earnings. Here’s what investors need to know. By The Numbers: Richard Branson’s space exploration company reported a loss of 57 cents per share, missing...
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Billionaire Branson Criticizes Singapore's Decision To Execute Man Over Kilogram Of Pot: This Week In Weed Chronicles
Monday, April 24, 2023 - 11:31am | 832Billionaire Richard Branson openly condemned Singapore’s death penalty several times, recently making a case for Tangaraju Suppiah, who was sentenced to death in 2018 for smuggling more than one kilogram of marijuana. Suppiah is set to be hanged on Wednesday after the Court of Appeal has...
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Why Virgin Orbit Stock Is Diving Tuesday
Tuesday, April 4, 2023 - 8:58am | 345Shares of Richard Branson's satellite launch company Virgin Orbit Holdings Inc (NASDAQ: VORB) are falling Tuesday after the company filed for bankruptcy. What Happened: Virgin Orbit said it filed for voluntary Chapter 11 bankruptcy in order to effectuate a sale of its ...
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Richard Branson's Space Dreams Crash As Virgin Orbit Files For Bankruptcy
Tuesday, April 4, 2023 - 2:06am | 428Richard Branson‘s Virgin Orbit Holdings Inc (NASDAQ:VORB) has filed for Chapter 11 bankruptcy, a day after flagging substantial doubt about its ability to continue as a going concern for at least 12 months. What Happened: Virgin Orbit lodged the Chapter 11 bankruptcy filing in the U.S....
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Richard Branson's Virgin Orbit Raises Nearly $11M To Cover Layoff Costs
Friday, March 31, 2023 - 4:26am | 428British entrepreneur Richard Branson‘s Virgin Orbit Holdings Inc (NASDAQ:VORB) raised $10.9 million from Virgin Investments Limited via the issue of a senior secured convertible note to pay severance for laid-off employees. What Happened: Virgin Orbit raised $10.9 million from Branson's...
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Richard Branson's Virgin Orbit Said To Extend Operations Halt After $200M Deal Talks Collapse
Tuesday, March 28, 2023 - 3:34am | 385Richard Branson‘s Virgin Orbit Holdings Inc (NASDAQ:VORB) is reportedly extending its halt in operations. What Happened: Virgin Orbit is extending its pause in operation to pursue investment, CNBC reported, citing a company-wide mail by CEO Dan Hart. Last week, it was reported that Virgin Orbit is...
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Richard Branson's Virgin Orbit Reportedly Close To Securing $200M Investment
Wednesday, March 22, 2023 - 6:22am | 412Richard Branson‘s Virgin Orbit (NASDAQ:VORB) is reportedly closing in on a $200 million investment. What Happened: Virgin Orbit is nearing a $200 million investment through a private share placement from Texas-based venture capital investor Matthew Brown, reported Reuters. Virgin Orbit and...
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Richard Branson's Virgin Orbit Said To Recall Some Furloughed Workers To Upgrade Rockets
Wednesday, March 22, 2023 - 1:55am | 347Richard Branson‘s Virgin Orbit (NASDAQ:VORB) is reportedly planning to return a small group of employees on Thursday. What Happened: Virgin Orbit plans to bring back a small group of employees on Thursday to work on rocket upgrades, reported Reuters, citing three people familiar with the...
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Richard Branson's Virgin Orbit Reportedly Plans For Insolvency Even As It Seeks Emergency Funding
Monday, March 20, 2023 - 6:41am | 373Billionaire Richard Branson‘s commercial space satellite venture Virgin Orbit Holdings Inc. (NASDAQ:VORB) is reportedly working with two restructuring firms on fallback plans for its insolvency days in the event that it cannot secure new funding. What Happened: Virgin Orbit, the sister...
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Virgin Galactic 'On Track' To Launch Commercial Space Service In Q2
Wednesday, March 1, 2023 - 6:43am | 390Space travel company Virgin Galactic Holdings Inc. (NYSE:SPCE), on Tuesday, said its commercial service launch remains on track for the second quarter of 2023. What Happened: The aerospace company, founded by billionaire Richard Branson, suspended flights of spaceplane VSS Unity and...
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Jeff Bezos' Girlfriend Lauren Sanchez Is Headed To Space: Here's When The Flight Will Happen And Why It's Important
Thursday, February 2, 2023 - 2:14pm | 906The girlfriend of billionaire Jeff Bezos could be one of the newest space passengers thanks to a company founded by Bezos. Here are the details. What Happened: It was announced recently that Bezo's girlfriend, Lauren Sanchez, would be heading to space aboard a Blue Origin...
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Imagine The Shock Of Waking Up To Elon Musk Barefoot In Your Kitchen, It Happened To This Billionaire
Saturday, January 28, 2023 - 6:07pm | 1106The night before a major event for a company he founded, billionaire Richard Branson was woken up by Elon Musk. Here’s the strange but true story. What Happened: In July 2021, Richard Branson went to space at the age of 71, hitting the milestone aboard a spacecraft from Virgin Galactic (NYSE...
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After-Hours Alert: Why Virgin Galactic Shares Are Blasting Off
Thursday, January 12, 2023 - 5:24pm | 333Virgin Galactic Holdings Inc (NYSE: SPCE) shares are trading higher in Thursday's after-hours session after the company announced an updated leadership structure to support commercial spaceline operations. What To Know: Virgin Galactic said Swami Iyer, president of ...
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Failure To Launch? Why Virgin Orbit Stock Is Falling Today
Tuesday, January 10, 2023 - 9:38am | 357Virgin Orbit Holdings Inc (NASDAQ: VORB) shares are falling Tuesday morning after the company's first attempt to launch satellites from British soil failed. What Happened: Virgin said the satellites reached space late Monday, but ultimately fell short of reaching target...
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Elon Musk, Jeff Bezos & Richard Branson: Which Billionaire Will Bring The Space Race Ethos To The Cannabis Industry?
Friday, September 23, 2022 - 10:41am | 1031As billionaires like Elon Musk, Jeff Bezos and Richard Branson race for space, who will be the leaders in the nascent cannabis industry as it vaults to astronomical heights? Operators in various parts of the cannabis industry offered Benzinga their takes. Providing various responses, most focused...