Virgin Orbit pauses operations for a week to conduct a search for cash

Virgin Orbit is halting all operations for a week to save money while it “conducts discussions with potential funding sources and explores strategic opportunities,” the company announced in an SEC filing. The company has been struggling financially and a recent launch failure clearly exacerbated those issues.
The January launch was accompanied by much fanfare, as it was very possibly the start of a new British space economy with Virgin Orbit in pole position. But the rocket, launched via the company’s signature custom plane method, failed to reach orbit, as we now know due to

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