Wednesday, May 17, 2023

Virgin Orbit Gets $17M Bankruptcy Bid

Mojave-based space launch firm Virgin Orbit has received a $17M bid from fellow space launch company Stratolaunch, as part of the firm's bankruptcy proceedings. According to reports, the bid includes Virgin Orbit's modified 747, as well as other aircraft assets. Stratolaunch is now owned by private equity investor Cerberus Capital Management.