Virgin Galactic cuts jobs to support production of next-gen spaceships

Virgin Galactic is cutting costs and reducing staff as it looks to scale production of its next-gen line of suborbital spaceplanes. In a memo to staff sent Tueday, Virgin Galactic CEO Michael Colglazier said that uncertainty in capital markets and geopolitical unrest have made “near-term access to capital much less favorable.” That’s not good news […]

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