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Virgin Orbit ceases operations

Spaceflight Now·Jun 8

✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source

Virgin Orbit has ceased operations, with reports indicating the company was unable to secure funding. The shutdown will result in significant layoffs, with the exact number of affected workers unclear. It appears that the company's assets are being sold off, with some reports suggesting key assets have been acquired by other aerospace companies.

Full coverage

Virgin Orbit ceases operations months after failure of UK space mission

The Guardian·May 24

Virgin Orbit fails to secure funding, will cease operations and lay off nearly entire workforce

CNBC·Mar 30

Richard Branson’s Virgin Orbit rocket company ceases operations for a week, seeks additional funding | CNN Business

CNN·Mar 15

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Virgin Orbit ceases operations

Full coverage

Virgin Orbit ceases operations months after failure of UK space mission

Virgin Orbit fails to secure funding, will cease operations and lay off nearly entire workforce

Branson’s Virgin Orbit ceases operations, funding not found

Virgin Orbit auctions $36 mln in remaining assets as company folds

Virgin Orbit to cease operations, lay off nearly 700 workers

Virgin Orbit shuts down after selling key assets to 3 aerospace companies

Richard Branson's Long Beach-Based Virgin Orbit Cutting 85 Percent of Workforce

Richard Branson’s Virgin Orbit rocket company ceases operations for a week, seeks additional funding | CNN Business