Richard Branson
Investing in Space: The latecomer
Texas-based investor Matthew Brown speaks to “Worldwide Exchange” on Mar. 23, 2023. CNBC CNBC’s Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. CNBC’s Michael Sheetz reports and curates the latest news, investor updates and exclusive interviews on the most important companies reaching new heights. Sign […]
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Virgin Orbit raising $200 million from investor Matthew Brown, closing deal as soon as Thursday
A general view of Cosmic Girl, a repurposed Boeing 747 aircraft carrying the LauncherOne rocket under its left wing, as final preparations are made at Cornwall Airport Newquay on January 9, 2023 in Newquay, United Kingdom. Matthew Horwood | Getty Images Virgin Orbit is in final talks to raise funds from Texas-based investor Matthew Brown, […]
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Virgin Orbit returning ‘small’ team from unpaid pause on Thursday to prep for next rocket launch
Virgin Orbit flew its modified Boeing 747 airplane “Cosmic Girl” with the company’s LauncherOne rocket under its wing for the first time on November 18, 2018. Virgin Orbit Virgin Orbit is returning a “small” team to work on Thursday, according to a company-wide email obtained by CNBC, as it aims to prepare for its next […]
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Virgin Orbit scrambles to avoid bankruptcy as deal talks continue
Virgin Orbit’s LauncherOne rocket on display in Times Square, New York. CNBC | Michael Sheetz Virgin Orbit is scrambling to secure a funding lifeline and avoid bankruptcy, which could come as early as this week without a deal, CNBC has learned. The rocket builder paused operations last week and furloughed most of the company, as […]
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Virgin Orbit stock plummets after failure of its first UK rocket launch
Cosmic Girl, a Virgin Boeing 747-400 aircraft sits on the tarmac with Virgin Orbit’s LauncherOne rocket attached to the wing, ahead of the first UK launch tonight, at Spaceport Cornwall at Newquay Airport in Newquay, Britain, January 9, 2023. Henry Nicholls | Reuters Virgin Orbit stock fell in trading on Monday evening, after the company […]
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Richard Branson remaining school at 15—his headmaster stated he’d both ‘go to prison’ or ‘become a millionaire’
When billionaire Richard Branson was 15, he dropped out of faculty to run a magazine. On a modern episode of the “Armchair Professional” podcast hosted by Dax Shepard and Monica Padman, the Virgin Group founder reported he manufactured the choice for a easy cause: He realized he could make income at it. By chilly-contacting providers […]
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Virgin Orbit raises $25 million from Branson’s conglomerate as cash reserve dwindles
Virgin Orbit’s modified 747 jet “Cosmic Girl” releases the company’s LauncherOne rocket for a mission on January 13, 2022. Virgin Orbit Virgin Orbit raised $25 million, the company announced Monday alongside its third-quarter results, as the alternative rocket launcher faces a dwindling cash reserve. The company disclosed that Richard Branson’s Virgin Group, an existing shareholder, […]
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China is testing a magnet-powered floating car or truck that goes up to 143 miles for every hour—take a search
If you’ve got ever imagined a long run loaded with traveling vehicles, your desire could possibly be obtaining a little nearer to actuality. Chinese researchers at Southwest Jiaotong University in Chengdu, Sichuan province, done road exams previous 7 days for modified passenger cars that use magnets to float 35 millimeters earlier mentioned a conductor rail, […]
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This Canadian organization desires to create a educate-plane ‘hybrid’ that can go 620 miles for every hour—take a glimpse
Shift around, Elon Musk and Richard Branson: A Canadian corporation would like to join the struggle for improved large-pace prepare vacation. Toronto-based mostly TransPod just lately unveiled plans for a “FluxJet,” a fully-electric transportation technique that is “a hybrid involving an plane and a prepare.” The project, presently in the conceptual phase, would require 82-foot-extended, […]
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Richard Branson takes a stake in Lightyear, a start-up hoping to become Europe’s answer to Robinhood
The Lightyear app. Lightyear Lightyear, a European challenger to trading platform Robinhood, has raised $25 million of funding in an investment round backed by British billionaire Richard Branson. Silicon Valley’s Lightspeed Venture Partners led the deal, the company told CNBC exclusively — a rare vote of confidence for an upstart brokerage at a time when […]
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