Virgin Orbit’s stock plunged 30.8% Thursday after the satellite-launch company announced an “operational pause.”
In a filing with the Securities and Exchange Commission, Virgin Orbit Holdings Inc. VORB announced the operational pause beginning Thursday “in order to conserve capital while the company conducts discussions with potential funding sources and explores strategic opportunities.” The company added that there can be no assurance that these discussions will result in any transaction and that it expects the operational…
