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.
In this undated photo provided by Virgin Orbit on Monday, Jan. 9, 2023, Virgin Atlantic Cosmic Girl, a repurposed Virgin Atlantic Boeing 747 aircraft that will carry a rocket, is parked at Spaceport Cornwall, at Cornwall Airport in Newquay, England. Engineers are making final preparations for the first satellite launch from the U.K. later Monday, when a repurposed passenger plane is expected to release a Virgin Orbit rocket carrying several small satellites into space.
It said the move was “to conserve cash while the company continues to evaluate all available options.” The company said last month that an investigation found that its rocket's fuel filter had become dislodged, causing an engine to become overheated and other components to malfunction. The nine small satellites it carried fell back to Earth and landed in the Atlantic Ocean.
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