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Virgin Galactic Hits Financial Turbulence as Richard Branson Halts Funding

Tue, 12/05/2023 - 09:40

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…

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Virgin Galactic Preps for Its Next Tourist Spaceplane…by Laying Off Staff

Wed, 11/08/2023 - 11:40

Gizmodo

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.

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