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Daily Mirror
Daily Mirror
Business
Ruby Flanagan

Richard Branson's Virgin Orbit pauses space operations with 'staff set to be furloughed'

Virgin Orbit Richard Branson Dan Hart

Satellite launching company Virgin Orbit is "pausing" its operations from today as it seeks new funding.

Almost all employees at the satellite launch company will reportedly also be furloughed.

Virgin Orbit's chief executive Dan Hart told staff in a meeting that the furlough was intended to buy Virgin Orbit time to finalise a new investment plan Reuters reported.

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