Virgin Orbit pauses operations whereas it seems to be for funding

Launch firm Virgin Orbit has quickly halted operations and furloughed most of its staff because it seems to be for funding, in keeping with media reviews.

Virgin Orbit is standing down for every week, “with solely a small staff persevering with to work,” CNBC reported on Wednesday (opens in new tab) (March 15). The corporate expects to offer an replace concerning the scenario to staff by subsequent Wednesday (March 22) or Thursday (March 23).

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