In an April 2020 email, Virgin Group CEO Josh Bayliss referred to Branson’s tax residency in relation to the request for a bailout, saying: “Richard cannot escape the criticism.

Source: https://www.shorenewsnetwork.com/2023/07/03/branson-virgin-group-reputations/

MOSCOW (Sputnik) – UK businessman Richard Branson’s space company Virgin Orbit said on Tuesday that it and its US subsidiaries had filed for bankruptcy in the US court with a view to selling the business due to lack of needed funding.

Source: https://southafricatoday.net/world-news/united-states/uks-virgin-orbit-files-for-bankruptcy-due-to-lack-of-funding/

Richard Branson’s satellite launch company Virgin Orbit has filed for Chapter 11 bankruptcy in the US after failing to secure rescue funding.

Source: https://www.irishexaminer.com/business/companies/arid-41108752.html

The firm — part of Branson’s empire that includes airline Virgin Atlantic and spaceflight company Virgin Galactic Holdings Inc. — hasn’t turned a profit as a public company.

Source: https://mybroadband.co.za/news/motoring/486081-virgin-orbit-halts-operations-after-running-out-of-money.html

This first private customer flight had been delayed for years; its success means Richard Branson’s Virgin Galactic can now start offering monthly rides, joining Jeff Bezos’ Blue Origin and Elon Musk’s SpaceX in the space tourism business.

Source: https://federalnewsnetwork.com/business-news/2023/08/virgin-galactic-all-set-to-fly-its-first-tourists-to-the-edge-of-space/