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Virgin Orbit returning 'small' team from unpaid pause on Thursday to prep for next rocket launch - TL;DR CNBC

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

Publishing timestamp: 2023-03-21 23:44:18


Summary

Virgin Orbit is bringing back a small team to work on preparing for its next rocket launch, despite the company's uncertain future and ongoing efforts to secure funding to avoid bankruptcy. CEO Dan Hart stated that the company's operations require a successful launch, and that the return of the team is the first step in an incremental resumption of operations. The company is extending unpaid furlough and pause in operations for the rest of its employees, while the returning team will focus on critical areas for the next mission, including testing and installing rocket engines.


Sentiment: NEGATIVE

Tickers: VORB, 

Keywords: breaking news: technology,  richard branson,  space industry,  virgin orbit,  the edge,  aerospace and defense industry,  technology,  breaking news: business,  business,  transportation,  business news, 

Source: https://www.cnbc.com/2023/03/22/virgin-orbit-returning-small-team-to-prep-for-next-rocket-launch.html


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