<ul><li>Richard Branson's rocket company, Virgin Orbit, has filed for bankruptcy in the US after failing to secure new investment.</li><li>The company halted operations weeks ago and announced last week that it would cut 85% of its workforce.</li><li>Earlier this year, a Virgin Orbit rocket failed to complete its first-ever satellite launch from UK soil.</li><li>Virgin Orbit launches rockets to send satellites into space from modified Boeing 747 planes and was founded in 2017 as a spin-off from Sir Richard's space tourism company Virgin Galactic.</li></ul>

Richard Branson's rocket company files for bankruptcy

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