An email from Virgin Orbit’s outgoing Chief Operating Officer Tony Gingiss appears to call out CEO Dan Hart, although not by name.
Virgin Orbit is on the brink of bankruptcy after last-ditch efforts to secure funding failed.
Virgin Orbit CEO Dan Hart gave employees an update in an all-hands meeting on Thursday, according to audio obtained by CNBC.
Virgin Orbit and Brown began deal talks last week, around the same time the company announced it was pausing operations and furloughing most employees.
Relativity Space, a 3D-printing specialist, launched the inaugural flight of its Terran 1 rocket late on Wednesday night.
Virgin Orbit is returning a “small team” to work on Thursday, as the company aims to prepare for its next rocket launch even as its future remains in doubt.
Virgin Orbit is furloughing nearly all its employees and pausing operations for a week as it looks for a funding lifeline.
Virgin Orbit stock fell in trading on Monday evening, after the company confirmed that its first launch out of the United Kingdom failed to reach orbit.
Virgin Orbit announced that Richard Branson’s Virgin Group, an existing shareholder, made an additional $25 million investment on Nov. 4
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