USA SEC sues Texas man, accusing him of false rescue of Virgin Orbit.
June 18th, Gelunhui - According to Reuters, the US Securities and Exchange Commission (SEC) has sued a man from Texas for allegedly defrauding $200 million to save Virgin Orbit, a satellite launch service company owned by billionaire Richard Branson. SEC said that Matthew Brown falsely represented himself as an experienced venture capitalist when he bought Virgin Orbit stocks with a fake quote on March 19, 2023, claiming to have invested in more than 13 space companies. Brown forged a bank account of the company.
SEC Files Complaint Against Matthew Brown Over Alleged Fraudulent Scheme to Invest $200 Million in Virgin Orbit
SEC Alleges Brown Sent Virgin Orbit Fabricated Screenshot of His Company's Bank Account Purporting to Show Balance of Over $182M While Bank Account 'Actually Had Less Than $1'
SEC Alleges Matthew Brown's March 2023 Offer to Invest $200M in Virgin Orbit Was 'Bogus'
Rocket Lab's Latest Mission Ends Abruptly After Lift-off, Shares Tank
Rocket Lab Buys Virgin Orbit Facility In $16M Deal, Plans Engine Development
Rocket Lab Turns Old Virgin Orbit Facilities Into an Engine Development Complex
US Space Startups' Latest Struggles Marked by Layoffs, Shake-ups
2-Day Auction Event: Metalworking and Test Equipment From Virgin Orbit, LLC & Virgin Orbit Holdings
Changes in US stocks | Virgin Orbit surged nearly 50% to complete resale of some assets
Gronghui, June 7, 丨 Virgin Orbit (VORBQ.US) rose 49.87% to 0.04 US dollars, with a total market value of 14.15 million US dollars. Virgin Orbit, which previously announced the permanent cessation of operations, completed the resale of some of its assets to Rocket Lab (Rocket Lab).
Express News | The bankrupt Virgin Orbit completed the resale of some of its assets to Rocket Lab (Rocket Lab).
Stratolaunch Expands Fleet With Virgin Orbit's Modified Boeing 747
No Tears, Only Launches Now: Virgin Galactic Heads Back to Space as Virgin Orbit Goes Under
Virgin Orbit to Cease Operations, Sell Assets of Richard Branson's Satellite Launcher
Changes in US stocks | Virgin Orbit fell more than 72% and announced the permanent cessation of operations
Glonghui May 24 丨 Virgin Orbit (VORBQ.US) fell 72% to 0.007 US dollars, with a total market value of 2.35 million US dollars. After the bankruptcy of Virgin Orbit, it sold for 36 million dollars, only 1% of its peak market value.
Rocket Lab Buys Some Virgin Orbit Assets in Bankruptcy Auction -- Barrons.com
Virgin Orbit Gets Stripped for Parts as the Company Shuts Down
Rocket Lab Says Virgin Orbit Assets Will Help Boost Neutron Rocket Program
Express News | Virgin Orbit closed its doors, and the surplus sold only 1% of its peak market value
Virgin Orbit permanently ceases operations
Gronghui, May 24 丨 British billionaire Sir Richard Branson's rocket company Virgin Orbit (VORBQ.US) permanently ceased operations just a few months after a major mission failed. The company sold for $36 million, accounting for only 1% of its valuation of $3.7 billion before listing on the NASDAQ last year. In March, Virgin Orbit said it would cut 85% of its workforce after failing to secure new investment. At the beginning of April, the company filed for bankruptcy protection in the US.