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Virgin Orbit Extends Operation Pause As Funding Talks Sputter

By
Becky Peterson
· · Source: CNBC

Virgin Orbit extended unpaid furloughs this week after funding talks fell through, CNBC reported. The satellite launch company, which was founded by Richard Branson in 2017, was previously in talks with Texas-based investor Matthew Brown for a $200 million lifeline which would have handed Brown control over the company, The Information confirmed. But talks with Brown fell through on...

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