Virgin Orbit Holdings

Virgin Orbit Holdings, Inc. builds and operates flexible and responsive launchers. The firm also developed a proprietary air-launch technology, coupled with world-class manufacturing infrastructure and a proven team to transform space access for a diverse and global customer base. Its LauncherOne satellite renders services for commercial and government-built small satellites. The company was founded on January 11, 2021 and is headquartered in Long Beach, CA.

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Virgin Orbit Holdings, Inc. engages in the development and operation of small-satellite launch. The company was founded on January 11, 2021 and is headquartered in Long Beach, CA.

Virgin Orbit Holdings Inc (NASDAQ:VORB) has begun drawing up detailed contingency plans for its insolvency days after halting its operations and furloughing its workforce, according to reports. Sky News has learnt that the commercial space satellite venture founded by Sir Richard Branson's Virgin Group is working with Alvarez & Marsal and Ducera, two restructuring firms, on fallback plans in the event that it cannot secure new funding.

Virgin Orbit on the brink as seeks emergency funding

Virgin Orbit has begun drawing up detailed contingency plans for its insolvency days after halting its operations and furloughing its workforce.

Virgin Orbit plans for insolvency amid rescue talks with investors

A once-hot smaller player in an industry dominated by Elon Musk's SpaceX, the company is now looking for a bailout.

Virgin Orbit, Richard Branson's Satellite-Launch Venture, Has Fallen Fast

Virgin Orbit Holdings, Inc. faces divergence between development, projections and funding capability. Years late on development, the company still is not consistently booking successful launches.

Sell Alert For Virgin Orbit Stock: A Massive Failure (Rating Downgrade)

Last night, CNBC broke the bombshell news that Virgin Orbit was pausing operations for at least a week while it looked for funding to support the business. As part of that pause, company executives reportedly told staff in an all-hands meeting that they were being furloughed – and that it would be unpaid.

At Virgin Orbit, it never should've come to a staff furlough

Analysts at Canaccord Genuity (TSX:CF, LSE:CF) are reviewing their coverage of Virgin Orbit Holdings Inc (NASDAQ:VORB) following the company's announcement that it would be pausing its operations for a week and furloughing staff without pay. The California-based satellite launch company said on Thursday that it was exploring strategic options and was in talks for funding, with the news of its "operations pause" coming just two months after its failed rocket launch in the UK.

Virgin Orbit ‘under review' by analysts following operations pause

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.

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

Virgin Orbit is furloughing its workers and taking an "operational pause." Free cash flow is deeply negative, and cash reserves are dwindling.

Why Virgin Orbit Stock Crashed 30% Today

Virgin Orbit's operations will be paused for a week, as the company looks for funding.

Branson's Virgin Orbit Pauses Operations And Furloughs Nearly Entire Staff

Virgin Orbit Holdings Inc.'s VORB stock plunged 28.9% Thursday after the satellite launch company announced an “operational pause.” In a filing with the Securities and Exchange Commission, Virgin Orbit announced the operational pause beginning Thursday “in order to conserve capital while the company conducts discussions with potential funding sources and explores strategic opportunities.

Virgin Orbit stock plunges after announcing ‘operational pause'

Virgin Orbit (NASDAQ: VORB ) stock is falling hard on Thursday as the satellite launch service company pauses operations. According to an SEC filing, the company is enacting an operation pause that starts today.

Why Is Virgin Orbit (VORB) Stock Down 34% Today?

The company has hit the pause button "in order to conserve capital" while it seeks funding sources.

SpaceX Rival Virgin Orbit Needs Cash, Halts Operations. Stock Plunges.

Richard Branson's Virgin Orbit said it was exploring strategic opportunities and was in talks for potential funding after a cash crunch forced the satellite launch company to pause operations starting Thursday.

Branson's Virgin Orbit explores options as cash woes force operational halt

Satellite launch company hunts for funding lifeline following failed attempt from UK soil

Virgin Orbit stops operations and furloughs most staff

Virgin Orbit will pause all operations - with almost all staff at the satellite launch company expected to be furloughed.

Virgin Orbit halts operations with almost all staff set to be furloughed

Virgin Orbit Holdings Inc (NASDAQ:VORB) shares crashed down to earth in after-hours trading following reports the rocket company was furloughing staff and pausing operations. Two months after its failed mission in January, chief executive Dan Hart broke the news in a meeting on Wednesday afternoon, confirming operations would be paused for a week, alongside nearly all employees being furloughed without pay, according to CNBC.

Virgin Orbit crashes down to earth as operations paused

Virgin Galactic

Virgin Orbit (NASDAQ: VORB) stock price cratered by over 31% in extended hours after the company neared the verge of bankruptcy. The firm has furloughed employees and started raising capital to save its business.

As Virgin Orbit stock collapses, is Virgin Galactic (SPCE) any better?

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.

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

Shares of Virgin Orbit Holdings Inc. VORB tumbled after hours on Wednesday after CNBC reported that the developer of space-launch systems was halting operations for a week and furloughing all but a small portion of its staff as it seeks funding to prop up the company. Shares fell 10.9% after hours.

Virgin Orbit temporarily halts operations, furloughs employees as it seeks funding: report

Richard Branson's Virgin Orbit is furloughing nearly all its employees and pausing operations for a week as it looks for funding, CNBC reported on Wednesday, citing people familiar with the matter.

Virgin Orbit furloughs almost all employees, pauses ops for a week - CNBC

Virgin Orbit is furloughing nearly all its employees and pausing operations for a week as it looks for a funding lifeline.

Virgin Orbit pauses operations for a week, furloughs nearly entire staff as it seeks funding

Astra Space

Rocket Lab USA

Competing with SpaceX won't be easy, but it can be done.

Is SpaceX Killing the Small-Rocket Market?

Virgin Orbit Holdings Inc (NASDAQ:VORB) said its investigations indicate a dislodged fuel filter may be behind the failure of the attempted orbital launch of its LauncherOne rocket from the United Kingdom on January 9, 2023. The commercial space company said in a statement on February 14 that it began its investigation into the failure within hours of the conclusion of the mission with the data indicating that from the beginning of the second stage first burn, a fuel filter within the fuel feedline had been dislodged from its normal position.

Virgin Orbit traces UK rocket launch failure to dislodged fuel filter

Launch is hard, but at least now that every rocket is sending extremely detailed live telemetry back to HQ, teams can know what led to a failed launch within days or weeks. Case in point: Virgin Orbit's much-hyped first launch from U.K.

One faulty fuel filter scuttled Virgin Orbit's big UK launch debut

LONG BEACH, Calif.--(BUSINESS WIRE)--On 9 January 2023, during the first attempted orbital launch from the United Kingdom, Virgin Orbit's LauncherOne experienced an anomaly, leading to a premature shutdown of the rocket and failure to reach orbit. Virgin Orbit began its investigation into the failure within hours of the conclusion of the mission, under the leadership of distinguished aerospace veteran Jim Sponnick and Virgin Orbit Chief Engineer Chad Foerster.

News for Virgin Orbit Holdings Stock (VORB)