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More than just layoffs: the company is pretty much dead, unable to secure new funding.
by bdcravens 4y ago
More than just layoffs: the company is pretty much dead, unable to secure new funding.
- Dalewyn 4y agoIs that more to do with failures specific to Virgin Orbit, or more to do with the hype machine moving on from the commercial space launch industry in general?
- localplume 4y ago[dead]
- toyg 4y agoBit of column A and bit of column B, for sure, but VO has probably been one of the worst at overhyping and underdelivering. It doesn't help that they went full-Brexit, that sort of thing is bound to be offputting to foreign capital.
- leonroy 4y ago> It doesn't help that they went full-Brexit, that sort of thing is bound to be offputting to foreign capital. WDYM? Virgin Orbital Inc. are incorporated in the US and listed on the NASDAQ.
- toyg 4y agoThey made a lot out of the fact that they'd be launching from the UK, pandering to governments desperate to somehow prove that the country isn't backsliding after brexit.
- SOLAR_FIELDS 4y agoIt’s also worth mentioning the VSS disaster, which ended up setting all of Branson’s space flight endeavors back significantly and you could probably make the case indirectly caused the downfall of this subsidiary https://en.m.wikipedia.org/wiki/VSS_Enterprise_crash https://en.m.wikipedia.org/wiki/VSS_Enterprise_crash
- ss108 4y agoI don't understand why it needs "funding"--I was under the impression it was a subsidiary of whatever the Virgin parent company is, but I guess I was wrong.