Virgin Galactic has responded to Boeing’s lawsuit, which accuses the company of retaining its trade secrets. In response, Virgin Galactic has filed a lawsuit of its own, blaming Boeing for repeated failures that ultimately led to the termination of their commercial partnership.
There’s new drama in the space industry. Boeing filed a lawsuit against Virgin Galactic, accusing it of retaining trade secrets that the two companies had exchanged while working to develop a new mothership, which is still in development.
Following Richard Branson’s announcement of halting further financial contributions, the stock price of Virgin Galactic experienced a significant drop of over 17% by Monday’s close. This latest complication adds to a series of challenges the company has faced, including recent layoffs and a suspension of commercial…
