Virgin Orbit assets sold off to multiple companies after bankruptcy.
TL;DR Summary
Three aerospace companies, Rocket Lab, Stratolaunch, and Vast, have won the bankruptcy auction for most of the assets of launch company Virgin Orbit, including manufacturing facilities and its Boeing 747 aircraft. The auction results rule out any attempt to keep the company intact and bring it out of bankruptcy under new ownership. Virgin Orbit said it would cease operations after completing the sale of the assets.
- Three companies to buy most Virgin Orbit assets SpaceNews
- Virgin Orbit shuts down after bankruptcy sales CNBC
- Virgin Orbit to Liquidate as Stratolaunch, Others Win Assets Bloomberg
- Virgin Orbit auctions $36 mln in remaining assets as company folds Reuters
- Virgin Orbit’s launch business sold for parts to Vast, Stratolaunch, and Rocket Lab TechCrunch
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