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Virgin Galactic cuts jobs to support production of next-gen spaceships on November 8, 2023 at 1:17 pm
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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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
© 2023 TechCrunch. All rights reserved. For personal use only.