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Space

Science

Elizabeth Howell

Virgin Orbit eyes options as it works to generate cash flow: report

Virgin Orbit Richard Branson Sky News Virgin Galactic Virgin Group

747 airplane dropping a small rocket with the curve of earth within view

Launch company Virgin Orbit is "drawing up detailed contingency plans" after pausing operations last week, according to a media report.

Virgin Orbit is still looking for new funding but has also secured two restructuring firms — Alvarez & Marsal and Ducera — in case it cannot bring in more cash flow, according to a Sky News report published on Sunday (March 19).

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