Axios

Virgin Orbit, the bankrupt rocket launch company founded by Richard Branson, will shut down and sell its assets for nearly $36 million.

Why it matters: This is one of the SPAC market's bigger busts, having gone public in 2021 at a $3.7 billion valuation.

Guam is "expected to take a direct hit" from Typhoon Mawar after strengthening into a dangerous Category 4 storm in the Pacific Tuesday, the National Weather Service office in the U.S. territory warns.

The latest: The eye of the storm was on track to pass Wednesday evening local time over central or northern Guam, which has a 168,000-strong population and is home to three U.S. military bases. NWS Guam issued a flash flood warning for the entire island through at least Thursday morning due to heavy rainfall.

NASA's flagship program to get people back to the Moon is at risk in the debate over the country's budget.

Why it matters: The Artemis program has survived two presidential administrations and has bipartisan support in Congress.

Absent new, more ambitious climate policies, the world is headed for a magnitude of climate change that would put about 2 billion people at risk of extreme heat by the end of the century, a new study finds.

Why it matters: Limiting global warming to the Paris Agreement's target of 1.5°C (2.7°F) above preindustrial levels would yield a five-fold reduction in the population exposed to unprecedented heat by the end of this century.