The days of Virgin Orbit sending satellites into space with rocket-launched rockets are coming to an end. According to the statements made, Virgin's satellite launch subsidiary has the necessary financing to continue its operations after six years in operation.
READING NOW Virgin Orbit officially ceases space operations for financial reasons
Virgin Orbit has ceased all operations
Virgin Orbit was founded in 2017 to develop and commercialize LauncherOne, a satellite launch system placed under a modified Boeing 747 aircraft called Cosmic Girl. The system was designed to place cube satellites weighing 500 kilograms in Low Earth Orbit by firing a rocket from the aircraft in question flying at an altitude of between 30,000 and 50,000 feet.
Virgin Group founder Sir Richard Branson had “funded more than $55 million into the sinking space company” in recent months, but Start Me Up’s embarrassing failure was the last straw. “Unfortunately, we were unable to secure funding to provide this company with a clear path. We have no choice but to implement immediate, dramatic and extremely painful changes,” Virgin Orbit CEO Dan Hart told employees. used the phrases. Dismissed employees will be eligible for full benefits and will also be referred to the recruitment department of Virgin Orbit’s sister company, Virgin Galactic.
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