Virgin Orbit Cosmic Girl
A series of convertible notes sold by Virgin Orbit to raise working capital are secured by the company’s assets, including its Boeing 747 aircraft used as a launch platform. Credit: Virgin Orbit

Launch vehicle company Virgin Orbit has paused its operations and furloughed its staff for at least a week as it deals with financial issues.

This post is only available to members.

Jeff Foust has more than a decade of experience writing about space policy, entrepreneurial ventures and regulatory affairs. In 2001, he established spacetoday.net to aggregate and summarize the day's space-related news stories. In 2003, he started The...