Welcome to this week’s launch roundup.

A Chinese company’s new rocket succeeded on its maiden flight, Israel orbited a satellite for the first time in three years, and the inaugural flight of SpaceX’s Starship/Super Heavy system might happen in the next few weeks.

Richard Branson’s cash strapped launch company Virgin Orbit announced on Thursday that it will shut down and lay off 675 of its 775 employees after failing to secure “meaningful funding” over the past two weeks. CEO Dan Hart made the announcement during an employee all-hands meeting on Thursday afternoon.

Starlink is having problems, ISAR just raised $165 million, and Boeing’s Starliner is delayed again.

It is the worst of times for launch providers Virgin Orbit and Astra Space, whose futures could be decided in the next week. And two satellite operators — Momentus and Spire Global — have received delisting warnings from their respective stock exchanges. On that dour note, let’s dive right into this week’s S-SPACⁱ.

Shares of Richard Branson’s Virgin Orbit (NASDAQ: VORB) plunged again on Monday amid a report that negotiations with two separate investors had broken down during the three previous days.

South Korean startup Innospace conducted a successful maiden launch of its HANBIT-TLV suborbital rocket on March 19, taking a major step toward the development of a family of orbital boosters.

OneWeb said it can now offer global broadband service following the launch of 36 satellites aboard an Indian LVM III booster on Sunday. Relativity Space looked on the bright side following the failed maiden launch of its new Terran 1 booster. And a new Chinese rocket is set to debut this week.

The Securities and Exchange Commission (SEC) has charged the winner of an auction to fly to space aboard New Shepard in 2021 with fraud related to his cryptocurrency business. The commission also charged eight celebrities with related violations.

Blue Origin’s New Shepard suborbital rocket crashed during a flight last September due to the structural failure of the vehicle’s BE-3 engine nozzle caused by excessive operating temperatures, the company announced on Friday.

Space is hard, maiden flights are really hard

Relativity Space’s 3D printed Terran 1 rocket failed to reach orbit on its maiden launch on Wednesday evening, marking the sixth launch failure worldwide in the last four months. It was the fourth failure of a new booster on its maiden flight, and the fourth mishap resulting from an anomaly with the second stage.

Terran Orbital’s (NYSE: LLAP) revenue soared 130 percent from $40.9 to $94.2 million last while its net loss rose from $139 million to $164 million, the company reported on Tuesday. The satellite manufacturer’s year-over-year adjusted EBITDA loss increased from $26.1 million to $69.5 million.

Virgin Orbit stock rose by about 60 percent to $0.72 on Wednesday after Reuters reported that the company is negotiating a $200 million investment from Matthew Brown Companies to bring Richard Branson’s struggling launch provider back to full operations.