Richard Branson, next to Virgin Orbit's Cosmic Girl
Richard Branson's Virgin Orbit has filed for bankruptcy protection.
  • Richard Branson's Virgin Orbit struggled to make a comeback after a failed launch in January.
  • It filed for bankruptcy protection after laying off staff and failing to secure enough funding.
  • Here's what went wrong at the satellite launch firm.

A failed rocket launch, stalled investor talks, layoffs, and now a bankruptcy protection filing. It's clear Virgin Orbit has faced a tumultuous few months.