Virgin Orbit fails to secure funding, will cease operations and lay off 90% of workforce

Virgin Orbit fails to secure funding, will cease operations and lay off 90% of workforce

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The company's 747 jet "Cosmic Girl" releases a LauncherOne rocket in mid-air for the first time during a drop test in July 2019. Virgin Orbit is ceasing operations "for the foreseeable future" after failing to secure a funding lifeline, CEO Dan Hart told employees during an all-hands meeting on…

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