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 (NASDAQ: VORB ) stock is falling on Friday after the struggling space company had to sell a senior convertible note. Virgin Orbit sold this note, worth $10.9 million, to Virgin Investments Limited.

Why Is Virgin Orbit (VORB) Stock Down 43% Today?

British billionaire entrepreneur Richard Branson's satellite-launching company Virgin Orbit Holdings Inc (NASDAQ:VORB) has announced an 85% workforce reduction after failing to secure funding The news comes two weeks after the group announced an operational pause on operations in an attempt to shore up finances. Net losses in the most recent quarterly update exceeded US$43mln.

Virgin Orbit's future in doubt as almost entire team laid off

Space launch startup Virgin Orbit announced Thursday that it is laying off 675 workers, about 85% of its total workforce.

Virgin Orbit Stock Plunges After Massive Layoffs

Virgin Orbit — the rocket company founded by British billionaire Richard Branson — is laying off the vast majority of its workforce as corporate leadership struggles to secure additional funding.

Virgin Orbit, Richard Branson's rocket company, will lay off 85% of staff

Virgin Orbit had furloughed nearly its entire workforce earlier this month as it worked to shore up cash.

Branson's Virgin Orbit Reportedly Ceases Operations For ‘Foreseeable Future' After Failing To Secure Funding

Virgin Orbit is laying off around 85% of its workforce in order to further reduce expenses, after the troubled space company said it was unable to secure additional funding to keep it afloat. The news, which Virgin Orbit filed with the U.S.

Virgin Orbit burns up in uncontrolled descent

The satellite-launch company is cutting expenses after failing to secure meaningful funding.

Virgin Orbit to Cut Workforce by 85%

Virgin Orbit Holdings Inc. VORB, -16.02% reportedly plans to cease operations and lay off roughly 90% of its staff, according to a Thursday afternoon CNBC report. Its shares were plunging 47% in after-hours trading after declining 16% in Thursday's regular session.

Virgin Orbit stock plunges after report says company will cease operations

Virgin Orbit CEO Dan Hart gave employees an update in an all-hands meeting on Thursday, according to audio obtained by CNBC.

Virgin Orbit ceasing 'operations for the foreseeable future,' laying off 90%

Virgin Orbit Holdings Inc.'s stock plunged Tuesday as the company's search for new funding continues.

Virgin Orbit stock plunges as company continues funding search

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The company's late-stage deal talks, including with private investor Matthew Brown, collapsed over the weekend, people familiar with the matter told CNBC.

Virgin Orbit extends unpaid pause as Brown deal collapses, 'dynamic' talks continue

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Shares of Virgin Orbit (NASDAQ: VORB ) are erupting higher on Friday, with shares up close to 50% on the day. What's got VORB stock reaching for the stars?

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A small group of Virgin Orbit employees are rolling back into the company's Long Beach, California, headquarters today.

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Virgin Orbit (NASDAQ: VORB ) stock is rocketing more than 50% higher today after the company announced that it would begin an “incremental resumption” of its operations beginning tomorrow, March 23. A “further resumption” of operations will then begin on March 27.

5 Investors Betting Big on Virgin Orbit (VORB) Stock Now

News media reports say that Virgin Orbit is nearing a sale of a controlling interest. The company won't comment on the news.

Why Virgin Orbit Stock Ripped Higher Today

Virgin Orbit and Brown began deal talks last week, around the same time the company announced it was pausing operations and furloughing most employees.

Virgin Orbit raising $200 million from investor Matthew Brown, closing deal as soon as Thursday

Virgin Orbit (NASDAQ: VORB ) stock is on the rise Wednesday following reports that the company is close to securing additional funding! According to these reports, Virgin Orbit is in talks with venture capital investor Matthew Brown to supply the company with $200 million.

Why Is Virgin Orbit (VORB) Stock Up 57% Today?

The satellite company is bringing back staff and resuming work on preparing for its next launch after halting operations last week.

Virgin Orbit to Resume Operations as Funding Search Continues

Virgin Orbit Holdings Inc (NASDAQ:VORB) could just have staved off any ‘Houston we have a problem' headlines, as it reportedly closes in on securing a £200mln lifesaving investment from Texas-based venture capitalist Matthew Brown. New funding could provide a lifeline for Richard Branson's satellite launching company, which was forced to seize operations and furlough staff last week as financial woes grew.

Virgin Orbit closing in on £200mln funding deal via private share placement

Billionaire Richard Branson's cash-strapped Virgin Orbit is near a deal for a $200 million investment from Texas-based venture capital investor Matthew Brown via a private share placement, according to a term sheet seen by Reuters.

Exclusive: Virgin Orbit in talks to raise $200 mln from Matthew Brown-term sheet

Virgin Orbit is returning a "small team" to work on Thursday, as the company aims to prepare for its next rocket launch even as its future remains in doubt.

Virgin Orbit returning 'small' team from unpaid pause on Thursday to prep for next rocket launch

Virgin Orbit senior leadership held daily talks with potential investors through the weekend, people familiar with the matter told CNBC.

News for Virgin Orbit Holdings Stock (VORB)