tiprankstipranks
Trending News
More News >

Virgin Orbit in discussions over possible buyout, FT reports

Richard Branson’s Virgin Orbit is in talks with two financial investors about a possible buyout or fundraising after Branson declined to inject more money into the rocket launch company, the Financial Times’ Peggy Hollinger, Clive Cookson, and Maxine Kelly reports. CEO Dan Hart is seeking to secure emergency funding to keep the company above water until it can prove its launch system following a failed mission in the U.K. earlier this year, the authors note. Reference Link

Confident Investing Starts Here:

Published first on TheFly

See the top stocks recommended by analysts >>

Read More on VORB:

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue