• Virgin Orbit, British billionaire Sir Richard Branson’s rocket firm, has filed for bankruptcy in the United States after a bid to secure new investment failed.
• The satellite launch company ceased operations weeks ago but it aims to secure a buyer for the company.
• The California-based company recently announced an 85% cut of its 750-strong workforce.
• A Virgin Orbit rocket failed to complete its first-ever satellite launch from UK soil earlier this year.

Tagged: Space