Virgin Orbit Halts Operations to Secure Funding
TL;DR
Virgin Orbit has paused operations and furloughed most of its employees as it looks for funding to deal with a cash-flow issue. The company's most recent launch failed after lifting off on Jan. 9 from Spaceport Cornwall in England, resulting in the loss of nine satellites. Virgin Orbit is addressing the problem and getting its next rocket ready for flight. The 70-foot-long LauncherOne is designed to deliver small satellites to orbit. It lifts off under the wing of a modified Boeing 747 called Cosmic Girl.
Topics:businessspaceflight#funding#launcherone-rocket#richard-branson#space-launch#spaceflight#virgin-orbit
- Virgin Orbit pauses operations while it looks for funding Space.com
- Virgin Orbit company ceases operations for a week, seeks additional funding | World Business Watch WION
- Virgin Orbit furloughs most employees and pauses operations for a week Engadget
- Virgin Orbit pauses all operations Ars Technica
- Investing in Space: Don't panic CNBC
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