Although the company had some successes, launching 10 NASA cube sats into Low Earth Orbit and quietly launching Space Force assets in 2022, it only achieved four successful flights out of six between 2020 and 2023.
Virgin Group founder, Sir Richard Branson, threw millions of dollars into the sinking company in recent months, but the failure of its most recent launch attempt was the final straw. On March 16th, the company announced an “operational pause” and worker furlough while leadership sought new funding sources. However, this proved unsuccessful, and the company was forced to call it quits on Thursday.
