ars Technica
By JENNIFER OUELLETTE –
It’s been a rough first quarter of 2023 for Virgin Orbit, Sir Richard Branson’s US-based flagship satellite launch company. First, the company had a disastrous UK launch attempt in January; the launch failed after a problem with the rocket’s second-stage engine. The company’s already precarious financial situation went critical in the wake of that failure. As Ars’ Eric Berger reported at the time, several financial analysts predicted that the company would run out of money sometime in March.