Virgin Orbit stock crashes as Richard Branson's satellite company ceases operations 'for the foreseeable future'

• Virgin Orbit stock plunged Friday after the company said it's cutting nearly all of its staff. 
• The satellite-launching company founded by Richard Branson is ceasing operations for the "foreseeable future." 
• The company hasn't been able to land the funding needed to keep running. 

Virgin Orbit shares sank to record lows Friday after the satellite-launching company founded by Richard Branson slashed the size of its workforce as it halts operations.