Richard Branson's Virgin Orbit to cut 85% of its workforce

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Richard Branson's Virgin Orbit to cut 85% of its workforce
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Richard Branson's Virgin Orbit is letting go of almost its entire work force with the satellite launch company finding it difficult to secure funding three months after a failed mission.

Richard Branson's Virgin Orbit is letting go of almost its entire work force with the satellite launch company finding it difficult to secure funding three months after a failed mission.

In January, a mission by Virgin Orbit to launch the first satellites into orbit from Europe failed after a rocket's upper stage. It was a setback in the United Kingdom which had hoped that the launch from Cornwall in southwest England would mark the beginning of more commercial opportunities for the U.K. space industry.

Virgin Orbit has completed four successful satellite launches so far from California for a mix of commercial and U.S. government defense uses.

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