WASHINGTON (Reuters) – The United States and Japan on Monday proposed a U.N. Security Council resolution stressing that nations should comply with a treaty that bars putting nuclear weapons in …
orbit
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By Joey Roulette (Reuters) – Satellite launch company Virgin Orbit is planning to move back the deadline for prospective bidders to buy its assets by a handful of days, according …
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Business News
Factbox-Virgin Orbit bankruptcy echoes Branson’s past troubled ventures
by Reutersby Reuters(Reuters) – Richard Branson’s Virgin Orbit Holdings filed for Chapter 11 bankruptcy on Tuesday after the satellite launch company failed to secure long-term funding following a January rocket failure. Despite …
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By Joey Roulette (Reuters) -Rocket maker Virgin Orbit Holdings on Thursday said it was laying off about 85% of staff because it had not been able to raise new investment. …
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Business News
Virgin Orbit extends worker furlough, continues funding talks -CEO
by Reutersby ReutersBy Joey Roulette (Reuters) – Billionaire Richard Branson’s cash-strapped Virgin Orbit Holdings will extend an unpaid furlough for most of its employees as talks seeking new funding continue, the company’s …
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Business News
Virgin Orbit says space startup in talks with potential investors
by Reutersby Reuters(Reuters) – Billionaire Richard Branson’s cash-strapped satellite launch company Virgin Orbit Holdings said on Thursday it is in talks with “interested parties” about an investment in the company. Reuters reported …
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US and World News
Elon Musk’s SpaceX expects first Starship launch to orbit this year -NASA
by Reutersby ReutersBy Joey Roulette WASHINGTON (Reuters) -SpaceX is targeting early December to launch its giant Starship rocket system into orbit for the first time, a pivotal demonstration flight as it aims …
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By Akash Sriram (Reuters) – Space technology startups are being forced to limit their sky-high ambitions, as their venture-capital backers turn to safer bets due to the current economic turmoil, …
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US and World News
SpaceX chief Elon Musk ‘highly confident’ his Starship will reach orbit this year
by Reutersby Reuters(Corrects typographical error in Tesla, adds RIC; paragraph 6) By Steve Gorman -Elon Musk said on Thursday he was “highly confident” his new SpaceX Starship, designed for voyages to the …