“Virgin Galactic’s Spaceplanes: Now on a Budget!”

The Cost Cutter’s New Galaxy

Fasten your seatbelts because this news is spinning like Earth around the Sun! Virgin Galactic, the Richard Branson-led starship enterprise, is taking a machete to costs and staffing as it primes the production pump for its next generation suborbital spaceplanes.

A Somber Tune from CEO Michael Colglazier

If you thought your workplace memos were loaded, imagine the one from Galactic’s CEO, Michael Colglazier. If only our office memos were this exciting! In a recent 3..2..1..blast off, Colglazier apprised staff of the brand’s shifting stars. He informed them about the constellations of uncertainty in capital markets and the alien invasions, um, I mean geopolitical unrest, heightening the rocket-fuelled company’s near-term capital access even more unfavorable. So, translation – the space is not always sunny, even for a space-travel company.

Hot Take

Now, here’s my hot take. It’s quite ironic that to reach the infinite universe, one has to make some finite budget cuts. The takeaway: All you starry-eyed folks dreaming of leaping gravity in a Virgin Galactic spaceplane may want to start saving as the tickets are likely to rocket faster than the flights themselves!

Original article: https://techcrunch.com/2023/11/08/virgin-galactic-cuts-jobs-to-support-production-of-next-gen-spaceships/