Virgin Orbit said it will lay off 85 percent of its employees according to a filing to the US stock market regulator.
File: Cosmic Girl as it releases LauncherOne mid-air for the first time during a July 2019 drop test.WASHINGTON - Virgin Orbit, the satellite launch company founded by Richard Branson, said it will lay off 85 percent of its employees, according to a filing to the US stock market regulator.
The company organized the mission along with the UK Space Agency and Cornwall Spaceport to launch nine satellites into space. But at an all hands meeting on Thursday, CEO Dan Hart told employees that operations would now cease"for the foreseeable future," according to US media.
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