Virgin Orbit's Assets Sold for $17 Million in Bankruptcy Court Bid
TL;DR Summary
The UK government has no plans to acquire launch company Virgin Orbit, which filed for Chapter 11 bankruptcy in the United States on April 4. The company conducted the first orbital launch attempt from UK soil in January, but a problem with the upper stage engine on the company’s LauncherOne rocket prevented it from reaching orbit. The company is nearing the end of a bankruptcy sale process, with final bids due May 19.
- U.K. government won't buy Virgin Orbit SpaceNews
- Virgin Orbit receives $17 million bid for rocket-carrying aircraft in bankruptcy court CNBC
- Stratolaunch submits $17M bid for some of Virgin Orbit’s assets TechCrunch
- Bankrupt Virgin Orbit Enters Stalking Horse Agreement To Sell Cosmic Girl, Other Assets For $17M - Virgin Orbit Holdings (OTC:VORBQ) Benzinga
- Virgin Orbit enters $17 million 'stalking horse' bid to sell aircraft assets Reuters
- View Full Coverage on Google News
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