Virgin Orbit, the rocket company of British billionaire Sir Richard Branson, announced that it is laying off 85 per cent of its staff after the firm failed to get new investment.

Sir Richard Branson's Virgin Orbit lays off 85 per cent of employees

Virgin Galactic’s space aircraft conducted the first of three tests which will enable the flight to enter commercial service. Sir Richard Branson’s Virgin Galactic has over 500 paying customers including famous movie actors and music personalities waiting for a ride on the "Unity".

Virgin Galactic's 'Unity' completes first spaceflight, moving closer to commercial service

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Sir Richard Branson's Virgin Orbit lays off 85 per cent of employees

Virgin Galactic's 'Unity' completes first spaceflight, moving closer to commercial service