Virgin Orbit is ceasing operations "for the foreseeable future" after failing to secure a funding lifeline, CEO Dan Hart told employees during an all-hands meeting Thursday afternoon. The company will ...

Richard Branson's Virgin Orbit is letting go of almost its entire work force with the satellite launch company finding it difficult to secure funding three months after a failed mission. The company, ...

British billionaire Sir Richard Branson's rocket company Virgin Orbit says it will cut 85% of its workforce after failing to secure new investment. The firm will also cease operations for the ...

With Virgin Orbit now under bankruptcy protection, departing Chief Operating Officer Tony Gingiss had some choice words for the company's leadership, as well as a lengthy and detailed apology to its ...

Virgin Orbit will lay off 85 percent of its staff after the space launcher failed to secure new investment. It will see Richard Branson's rocket company cease operations, at least for the foreseeable ...

LOS ANGELES (AP) — Richard Branson's Virgin Orbit has failed in its first attempt to launch a test satellite into space aboard a rocket carried aloft by a Boeing 747 and released over the ocean off ...

A premature shutdown in the rocket during the first attempt to launch satellites into orbit from the UK was behind the mission failure, Virgin Orbit has said. After taking off from Spaceport Cornwall, ...

MOJAVE, Calif. — Richard Branson's Virgin Orbit postponed its first space launch Sunday due to a technical problem. The company said one sensor was “acting up" and fuel was being offloaded from the ...