R
So that’s it for Virgin Orbit.
At the end of March, we learned satellite launching company Virgin Orbit had laid off most of its staff and would cease operations “for the foreseeable future.” Now the door to a comeback has been closed after it failed to find a wholesale buyer or cash infusion and will shut down for good (Virgin Galactic, which it spun off from in 2017, is still going).
CNBC reports the bankrupt company’s assets and gear were sold at auction to Rocket Lab, Stratolaunch, and Launcher, which is a subsidiary of Vast Space.
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