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- The SEC has filed charges against a Texas man over his offer to invest $200 million in Virgin Orbit.
- The SEC says Matthew Brown claimed to have $182 million but had less than $1 in his bank account.
- Virgin Orbit, which aimed to compete with Elon Musk's SpaceX, went bankrupt in 2023.
In March 2023, beleaguered rocket company Virgin Orbit thought it had found a lifeline.