Launcher Shakeout? Virgin Orbit Imposes Workforce Furlough
“During a panel discussion at Satellite 2023 Conference on Wednesday afternoon, United Launch Alliance (ULA) CEO Tory Bruno predicted there would be a shake out among small launch providers over the next 24 months that could leave only one or two companies standing. CNBC reports that process might have already begun earlier in the day with Richard Branson’s struggling launch provider.” Full story and analysis: Cash-strapped Virgin Orbit Furloughs Almost All Staff, Pauses Operations for a Week at Parabolic Arc.
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