Virgin Orbit Holdings Inc.’s stock plunged 28.9% Thursday after the satellite launch company announced an “operational pause.” In a filing with the...
Virgin Orbit Holdings Inc.’s VORB stock plunged 28.9% Thursday after the satellite launch company announced an “operational pause.” In a filing with the Securities and Exchange Commission, Virgin Orbit announced the operational pause beginning Thursday “in order to conserve capital while the company conducts discussions with potential funding sources and explores strategic opportunities.” There can be no assurance that these discussions will result in any transaction, the company added.
9% Thursday after the satellite launch company announced an “operational pause.” In a filing with the Securities and Exchange Commission, Virgin Orbit announced the operational pause beginning Thursday “in order to conserve capital while the company conducts discussions with potential funding sources and explores strategic opportunities.” There can be no assurance that these discussions will result in any transaction, the company added.
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