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

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

Richard Branson’s Virgin Orbit is shutting down less than two months after the satellite launch start-up filed for Chapter 11 bankruptcy protection. And a Kiwi company may pick up the pieces.

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…

Richard Branson's Virgin Orbit to Shut Down Following Bankruptcy, Assets Sold in Auction

Virgin Orbit, the satellite launch provider founded by Sir Richard Branson, has confirmed it is shutting down after selling its facility leases and equipment to three aerospace companies following bankruptcy.

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

WASHINGTON (AP) — Richard Branson’s Virgin Orbit is shutting down less than two months after the satellite launch start-up filed for Chapter 11 bankruptcy protection, according to a Tuesday company announcement. Virgin Orbit will cease operations and sell its assets to four winning bidders, the company announced Tuesday. Those bidders include three aerospace companies — Rocket Lab, Stratolaunch and Vast Space subsidiary Launcher — with combined …

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

WASHINGTON (AP) — Richard Branson’s Virgin Orbit is shutting down less than two months after the satellite launch start-up filed for Chapter 11 bankruptcy protection, according to a Tuesday company announcement. Virgin Orbit will cease operations and sell its assets to four winning bidders, the company announced Tuesday. Those bidders include three aerospace companies — Rocket Lab, Stratolaunch and Vast Space subsidiary Launcher — with combined …

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

Virgin Orbit will cease operations and sell its assets to four winning bidders, the company announced late Tuesday