Virgin Orbit’s operations will be paused for a week, as the company looks for funding.
roughly $55 million through the sale of convertible notes to Branson’s Virgin Investments, including the most recent sale of $10 million in January, as a stopgap measure.first successful commercial launch
in early 2021. The company works in partnership with Virgin Galactic, the aerospace tourism company that flies paying customers to the edge of space, including Branson and three employees, who took a ship into orbit in July 2021. Branson took Virgin Orbitin the world. Branson, 72, built his fortune through a record business he started 50 years ago called Virgin Records, which he sold for $1 billion in 1992.
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