“Virgin Orbit is to pause all operations from today as the cash-strapped firm attempts to shore up its finances in the wake of a disastrous failed launch attempt from Cornwall two months ago.

Almost all employees have also been furloughed while Richard Branson's rocket company searches for a funding lifeline.

The move follows Virgin Orbit's unsuccessful attempt to make the first satellite launch from UK soil in January.

Dan Hart, Virgin Orbit's chief executive, told staff that putting them on unpaid furlough would buy time to finalise a new investment plan, with an update expected next week.

It is not clear at this stage how long the furlough will last.
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The latest development also raises questions about what will happen with Spaceport Cornwall, where Virgin Orbit's modified jumbo jet took off from before its failed rocket launch. …”

DailyMail article:
https://mol.im/a/11867351