Virgin Orbit Shutters Space Launch Operations "For the Foreseeable Future"

Virgin Orbit, a spin-off venture of Richard Branson's Virgin Galactic, is officially shutting down. The company launched in 2017 with a focus on helping launch Virgin Galactic's small satellites into outer space, beginning with taking over the development of the develop payload-carrier LauncherOne rocket.According to CNBC, Virgin Orbit is shuttering "for the foreseeable future" due to an inability to secure funding. CEO Dan Hart informed company employees during a meeting on Thursday afternoon, ...