Tuesday, May 23, 2023

Virgin Orbit's Assets To Go Rocket Lab, Stratolaunch, Vast

Mojave-based Virgin Orbit, the would-be space launch company which was using a modified 747 and a rocket launched from that 747 to develop a system to launch small satellites to space, has officially been sold--in pieces--to Rocket Lab, Stratolaunch, and Vast, as part of its bankruptcy auction. According to reports, the auction brought in about $36 million. Virgin Orbit filed for bankruptcy on April 4th.