The Richard Branson-founded company paused all operations and furloughed most of its staff last week.
. It would have also marked a historic liftoff for the U.K., launching satellites to orbit from British soil for the first time.
Instead, a fuel filter became dislodged, overheating the engine and causing the LauncherOne rocket booster to crash back down to Earth. The rocket failure resulted in the loss of nine satellites on board, and triggered an ongoing investigation by authorities,The rocket failure caused concern among Virgin Orbit’s investors, and the company’s stock fell by 22% immediately after,
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