VORB News and Press, Virgin Orbit Holdings Inc. From 04/04/23

2023-04-04 16:11:02 ET As investors began to look ahead to ahead to a key jobs report at the end of the week, Wall Street saw a mild bout of profit taking on Tuesday, with the major U.S. equity averages finishing the day with modest declines. The Dow and S&P 500 broke a four-session win...

2023-04-04 12:41:41 ET Virgin Galactic Holdings ( NYSE: SPCE ) fell 13.55% on Tuesday as investors turned skittish following the bankruptcy filing by Virgin Orbit ( VORB ), which was spun off by the space tourism company in 2017. Shares of Virgin Galactic ( SPCE ...

2023-04-04 09:14:01 ET The futures were pointing to a higher start to Tuesday's trading. For the S&P 500 and Dow, another advance would mark their fifth consecutive day of gains. A rally would allow the Nasdaq to resume its upward march following a mild dip the day before. Here are some...

2023-04-04 07:51:47 ET Listen on the go! Subscribe to Wall Street Breakfast on Apple Podcasts and Spotify Virgin Orbit ( VORB ) files for bankruptcy after failing to find a source of funding (00:35). Why are Bob Iger and Ron DeSantis at odds? It's a...

2023-04-04 06:37:39 ET Stock index futures pointed to a rise at the open Tuesday with the broader market looking to make it five straight gains in a row. Nasdaq 100 futures ( NDX:IND ) +0.7% , S&P futures ( SPX ) +0.5% and Dow futures ( INDU ) +0.3% were ...

2023-04-04 06:13:29 ET Virgin Orbit ( NASDAQ: VORB ) shares plunged around 25% premarket on Tuesday after the aerospace firm filed for bankruptcy . Shares have lost 97% in its value over the past year The bankruptcy filing comes as the firm, tied to British billion...

2023-04-04 03:02:20 ET Aftershocks from SPAC craze that enveloped Wall Street in 2021 are continuing to be felt in the current market environment, with many investors steering clear of loss-making companies. The latest casualty is Virgin Orbit ( NASDAQ: VORB ), which failed to secur...

Secures $31.6 million in Debtor in Possession Financing to Fund the Process Virgin Orbit Holdings, Inc. and its U.S. subsidiaries, (the “Company” or “Virgin Orbit”), a responsive space launch provider, announced today that it commenced a voluntary proceeding ...

2023-03-31 18:28:26 ET Summary Virgin Orbit's failure is not unexpected. The company needed a perfect commercialization path for its product and did not have one. Virgin Orbit left shareholders extremely vulnerable, securing only up to one year of funding. Virgin's investment ...

2023-03-31 12:23:28 ET Space start-up Virgin Orbit Holdings (NASDAQ: VORB) said it was ceasing operations for the "foreseeable future" after failing to secure funding. Investors believe the end is near, sending shares of Virgin Orbit down as much as 44% on Friday. Virgin Orb...