Virgin Galactic
| Use attributes for filter ! | |
| Parent organizations | Virgin Group |
|---|---|
| Ceo | George T. Whitesides |
| Founded | 2004 |
| Headquarters | Mojave |
| California | |
| United States | |
| Founders | Richard Branson |
| Burt Rutan | |
| Subsidiary | The Spaceship Company |
| Date of Reg. | |
| Date of Upd. | |
| ID | 892153 |
About Virgin Galactic
Virgin Galactic is a spaceflight company within the Virgin Group. It is developing commercial spacecraft and aims to provide suborbital spaceflights to space tourists and suborbital launches for space science missions. Virgin Galactic plans to provide orbital human spaceflights as well.
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Virgin Galactic: First space tourism mission after decades of promises
...By Thomas MackintoshBBC NewsVirgin Galactic has taken a former Olympian, a University of Aberdeen student and her mother to the edge of space on its first flight for tourists...
Virgin Galactic: Mum, daughter and Brit, 80, count down to space flight
... Anastatia Mayers and her mother Keisha Schahaff won the tickets to board the Virgin Galactic flight in a competition...
Mother and daughter first to go to space together
...An 18-year-old Aberdeen University student and her mother will travel to space later this week after a winning a place on Virgin Galactic s first commercial flight in a prize draw...
Virgin Orbit: Branson's rocket firm permanently ceases operations
... It developed rockets to carry small satellites and is part of Sir Richard s business empire, which includes airline Virgin Atlantic and space tourism company Virgin Galactic...
Sir Richard Branson thought 'we were going to lose everything' in pandemic
... " In 2021, Sir Richard achieved a lifelong ambition and reached the edge of space in his Virgin Galactic commercial space plane...
Virgin Orbit: Sir Richard Branson's rocket company lays off 85% of staff
... It develops rockets to carry small satellites and is part of Sir Richard s business empire, which includes airline Virgin Atlantic and space tourism company Virgin Galactic...
Mark Easton's Boxing Day family puzzler 2021
... With Richard Branson s Virgin Galactic and Jeff Bezos s Blue Origin looking to go head-to-head in the space tourism market, the British billionaire put tickets on sale in August...
Virgin Orbit: Sir Richard Branson's rocket company lays off 85% of staff
By Annabelle LiangBusiness reporter
British billionaire Sir Richard Branson 's Rocket company Virgin Orbit says it will lay off 85% of staff after failing to secure new investment.
The Firm will also cease operations for the foreseeable future, according to media reports.
It Comes weeks after The Company paused operations in an apparent attempt to shore up its finances.
Earlier this year, a Virgin Orbit Rocket failed to complete The First ever satellite launch from UK soil.
The Company 's shares plunged by More Than 44% in after-hours trading in New York on Thursday .
, Virgin Orbit said it made the decision " in order to reduce expenses in light of The Company 's inability to secure meaningful funding. "
The layoffs will impact approximately 675 employees who " are located in all areas of The Company . "
It said that Sir Richard's investment firm Virgin Investments has injected $10. 9m (£8. 8m) into Virgin Orbit " to fund severance and other costs related to the workforce reduction".
Virgin Orbit said it expects payments to laid off staff and other costs to total around $15m.
It Comes amid media reports that The Company will cease operations for the foreseeable future.
" We have no choice but to implement immediate, dramatic and extremely painful changes, " Virgin Orbit chief executive Dan Hart said at a meeting with employees, according to CNBC, which first reported The News .
Virgin Orbit did not immediately respond to a BBC request for comment.
The Firm , which was founded in 2017, has not turned a profit as a public company.
It develops rockets to carry small satellites and is part of Sir Richard's business empire, which includes airline Virgin Atlantic and space tourism company Virgin Galactic .
In January, Virgin Orbit attempted the.
The Company 's LauncherOne Rocket - which was launched from the Boeing 747 aircraft Cosmic Girl - Reached space but fell short of reaching its target orbit.
The Mission was billed as a milestone for UK Space Exploration . It was hoped it would mark a major Step Forward in fulfilling an ambition to turn the country into a global Player - from manufacturing satellites to building rockets and creating new spaceports.
Earlier this month, and " anticipates providing an update on go-forward operations in The Coming weeks. "
Related TopicsSource of news: bbc.com
Virgin Galactic Photos
