Richard Branson's Virgin Orbit rocket company ceases operations for a week, seeks additional funding | CNN Business

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Virgin Orbit told nearly all of its staff to cease operations until at least next week as the rocket company, founded by British billionaire Richard Branson, works to secure additional funding

Workers were told the news during a meeting with Virgin Orbit\n \n CEO Dan Hart on Wednesday afternoon with direction to await updates from leadership within the next week, a source familiar with the matter told CNN. “Virgin Orbit is initiating a company-wide operational pause, effective March 16, 2023, and anticipates providing an update on go-forward operations in the coming weeks,” the company said in a statement.

The company was an early leader among dozens of startups vying to build lightweight rockets for launching smallsats. The company’s LauncherOne rocket reached orbit for the first time in January 2021 after only one failed attempt and earlier than most of its competitors. It then completed three more successful missions out of California. But in January, the company attempted to launch its first rocket from the United Kingdom. That mission ended in failure.

 

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Lynyrd Skynyrd “too many lives they spend across the ocean. Too much money they spend upon the moon.”

elonmusk just merge this into spaceX

elonmusk won

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