Thursday, March 30, 2023

Report: Virgin Orbit Ceasing All Operations

A new report says that Mojave-based Virgin Orbit, the space launch operation backed by Sir Richard Branson, is ceasing all of its operations and laying off 90% of its staff. The report, from CNBC, cited the audio of an "all-hands" employee meeting that was held on Thursday afterrnoon. The move comes after Virgin Orbit apparently failed to secure additional funding to keep the company operating.