Spaceport Cornwall has said hundreds of job losses at Virgin Orbit, months after the company attempted to launch a rocket into space from the Duchy, would have “no direct impact” on the South West space cluster.
Sir Richard Branson’s US satellite firm has confirmed it is cutting 675 staff, around 85% of its workforce, as it looks to reduce costs after failing to secure new funding.
According to a Financial Times report, the company, which announced it would pause its operations earlier this month, is racing to seal last-minute investment to prevent its collapse.
