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Virgin Orbit pausing all work, reportedly furloughs staff
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This undated photo provided by the UK Space Agency on Thursday March 16, 2023, the Virgin Orbit's LauncherOne rocket at Spaceport Cornwall, at Cornwall Airport in Newquay, England. Virgin Orbit said Thursday March 16, 2023 it is pausing all operations amid reports that the company is furloughing almost all its staff as part of a bid to seek a funding lifeline. - photo by UK Space Agency via AP
LONDON (AP) — Virgin Orbit said Thursday it is pausing all operations amid reports that the company is furloughing almost all its staff as part of a bid to seek a funding lifeline. The California-based satellite launch company confirmed it's putting all work on hold, but didn't say how long for. “Virgin Orbit is initiating a company-wide operational pause, effective March 16, 2023, and anticipates providing an update on go-forward operations in the coming weeks," the company said in a statement.