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SPACE CAFÉ CLIPS DAY 3 – Morning outlook

Today, the 10th of November 2022, is the third and last day of Connecting The World from the Skies forum, held in Riyadh, Saudi Arabia. CEO and Publisher Torsten Kriening and Editor in Chief Emma Gatti are on the ground to report all the details from these three days of intense discussion about the future of connectivity from a Space satellite perspective. Here are our tips for the conclusive day.

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Virgin Orbit has paused its operations and furloughed its staff for at least a week in the event of recent financial challenges. According to a statement the Company released on March 15, Virgin Orbit said it was instituting an “operational pause” across the company, which includes furloughing staff. A Company spokesperson stated that the launch vehicle company is initiating a company-wide operational pause, effective March 16, 2023, and anticipates providing an update on go-forward operations in the coming weeks.