Virgin Galactic Holdings Inc SPCE Shares closed in sympathy down 11.60% at $3.43 in Tuesday’s session Virgin Orbit Holdings Inc prepwho filed for Chapter 11 bankruptcy protection.

What happened to Virgin Orbit?

Virgo Orbit said it voluntarily filed for Chapter 11 bankruptcy to effect a sale of its business. The company plans to use the Chapter 11 process to maximize value to its business and assets.

The announcement comes just days after the company said it would be trimming a majority of its workforce due to the inability to raise sufficient capital to continue business operations as usual…Continue reading

According to data from Gasoline ProSPCE has a 52-week high of $10.69 and a 52-week low of $3.24.