Virgin Orbit Halts Operations to Secure Funding

Virgin Orbit has paused operations and furloughed most of its employees as it looks for funding to deal with a cash-flow issue. The company's most recent launch failed after lifting off on Jan. 9 from Spaceport Cornwall in England, resulting in the loss of nine satellites. Virgin Orbit is addressing the problem and getting its next rocket ready for flight. The 70-foot-long LauncherOne is designed to deliver small satellites to orbit. It lifts off under the wing of a modified Boeing 747 called Cosmic Girl.