![]() ![]() More funds were paid to Virgin Orbit in December, January, and March. With a slow launch rate since coming online in 2021 and the recent failure, the company has had to go to Virgin Investments several times since November for additional cash. $60 million from Branson in recent months ![]() The company has been quiet on the launch investigation since then but has remained active on social media meaning this might have been a recent decision. The last information we had was that the investigation team, which included several government agencies from the US and UK, was looking to replicate the issue. A preliminary investigation update shared that the mission had nominal first-stage burn, staging, and fairing separation, but the second-stage engine shut down prematurely. This was the company’s fifth flight and first operational failure. The news comes just over two months after the company suffered an inflight failure of its rocket on its first-ever mission out of the United Kingdom. However, employees will receive one more paycheck this Friday and can cash out their PTO hours. All of its employees, except for a small team, will be furloughed and unpaid. The Richard Branson company that operates a small lift air launch rocket called LauncherOne is pausing operations, according to CNBC. ![]()
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