Deal talks continue, but Virgin Orbit is doing everything it can to escape bankruptcy.

According to CNBC's findings, Virgin Orbit is in a mad dash to find a financing lifeline and avoid bankruptcy, which could happen as soon as this week if a deal isn't reached.

CNBC was the first to report that the rocket manufacturer had temporarily shut down and dismissed most of its staff as it looked for new investors or a buyer.

According to sources familiar with the situation who requested anonymity to discuss ....