During its most recent flight, Virgin Galactic’s carrier aircraft dropped an alignment pin which helps in the mating process between the mothership and the spaceplane. The company is investigating the issue, which could potentially delay its upcoming mission.
Following Richard Branson’s announcement of halting further financial contributions, the stock price of Virgin Galactic experienced a significant drop of over 17% by Monday’s close. This latest complication adds to a series of challenges the company has faced, including recent layoffs and a suspension of commercial…
In an effort to cut cost for the sake of the development of its next generation spaceplane, Virgin Galactic will lay off a number of its employees and save on expenses in hopes of bringing in future profits from its commercial flights.
