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Virgin Orbit pauses operations for a week amid funding crunch, CNBC says

Virgin Orbit had an all-hands meeting on Wednesday night, informing its staff it will cease operations for one week as it seeks a "funding lifeline," people familiar with the matter told CNBC, writes Michael Sheetz for the news outlet. "In the all-hands, company leaders told employees that they aimed to provide an update on the furlough and funding situation by next Wednesday or Thursday," added the CNBC story. Reference Link

Published first on TheFly

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