Top
image credit: Adobe Stock

Virgin Orbit shares crash after failure of first UK space launch

January 10, 2023

Via: Sky News

Stocks fell in value from $2.01 (£1.65) at the close of trading on Monday night, to $1.50 (£1.23) when US markets opened on Tuesday morning, loosing more than 50 cent off the price of a share.

The eagerly anticipated mission, which planned to place nine satellites in orbit via the company’s LauncherOne rocket, was scuppered on Monday night when a secondary engine failed to fire properly.

Read More on Sky News