Virgin Orbit bounces slightly above record low

Virgin Orbit Holdings

24/03/2023 10:31

** Satellite launch company Virgin Orbit Holdings  VORB.O 
up 7% at $0.57 premarket
    ** Stock down about 17% so far this week, headed for its
third straight weekly decline
    ** Stock hit an all-time low of $0.41 on Tuesday
    ** Billionaire Richard Branson's cash-strapped company said
on Thursday it is in talks with "interested parties" about an
investment in co
    ** Reuters reported on Wednesday that Texas venture capital
investor Matthew Brown was nearing a deal to invest $200 mln in
the space startup, sending shares up 33%
    ** VORB shares have lost about 93% of their value in the
past 12 months

 (Reporting by Medha Singh)
 ((medha.singh@thomsonreuters.com))