FORGOTTEN HISTORY: 3 - Caught on Camera

Virgin Orbit cuts 85% of workforce after failing to secure fresh funding

Decision raises fears that company founded by Sir Richard Branson may be on verge of collapse

The Guardian - UK · Mar 31, 2023

Virgin Orbit: Richard Branson's rocket company to lay off 85 per cent of staff

It follows a failed attempt to complete the first ever satellite launch from UK soil earlier this year

Wales Online · Mar 31, 2023

Richard Branson loses £1.5 billion from plummeting Virgin Orbit shares amid funding crisis

Sir Richard Branson has lost a staggering £1.5 billion from his stake in Virgin Orbit over the past year after the company’s share price plummeted more than 95%.

Evening Standard · Mar 31, 2023

Virgin Orbit eyes options as it works to generate cash flow: report

Launch company Virgin Orbit is engaging companies for discussions after furloughing most of its staff last week, according to media reports.

Space · Mar 20, 2023

Spaceport Cornwall focused on space cluster growth as Virgin Orbit pauses operations

Richard Branson’s US satellite launch firm is working to secure additional funding for future launches and has furloughed staff, according to reports

Birmingham Post · Mar 17, 2023

Richard Branson's rocket-launch firm Virgin Orbit pauses operations, furloughs staff

British billionaire Richard Branson's rocket-launch firm Virgin Orbit has paused operations as the company searches for more funding.

Los Angeles Times · Mar 16, 2023

Virgin Orbit ‘pauses’ operations in wake of UK space launch failure

Staff reportedly furloughed as California firm announces ‘operational pause’

The Independent UK · Mar 16, 2023

Virgin Orbit pausing all work, reportedly furloughs staff

Virgin Orbit says 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 Independent UK · Mar 16, 2023

Richard Branson’s Virgin Orbit pauses operations while it seeks extra funds

The satellite launch company has reportedly furloughed staff and is working to secure new funding.

The Independent UK · Mar 16, 2023

European Countries Are Racing Toward the Continent's First Satellite Launch

European countries are now competing to make launch history and gain an edge in the commercial space industry.

Inverse · Mar 16, 2023