Virgin space division to see $200 million infusion from investor

LONDON, England: Reuters has reported that struggling Virgin Orbit, owned by billionaire Richard Branson, is nearing a $200-million investment deal from Texas-based venture capital investor Matthew Brown, through a private share placement.

Virgin said that it would resume operations on 23rd March and is recalling some of its employees to prepare for its next mission, but it did not comment on the potential deal.