- Virgin Orbit is facing possible bankruptcy after failed launch and flawed decisions.
- CEO Dan Hart's remuneration could exceed $1.5mn should the company go bust.
- Virgin Orbit had already completed four successful missions out of six.
- The decision to go public via a special purpose acquisition company left Virgin Orbit more vulnerable.
- Fundamental mistake was squandering cash while failing to rapidly increase the number of launches.
Mis-steps that brought Virgin Orbit crashing back to earth
Branson vehicle teeters after series of flawed decisions and a failed launch lead to painful denouement
Simeon Kerr
