Virgin Orbit sells assets in bankruptcy auction to Rocket Lab, Stratolaunch and Vast's Launcher

Times of India

Lean Right

Virgin Orbit to cease operations, sell assets of Richard Branson's satellite launcher

A following investigation found that its rocket's fuel filter had become dislodged, the company said in February, causing an engine to become overheated and other components to malfunction over the Atlantic Ocean. Virgin Orbit was founded in 2017 by Branson, a British billionaire, in hopes of targeting the market for launching small satellites into space. Its LauncherOne rockets were launched from the air from modified Virgin passenger planes, a…