Virgin Orbit shuts down after selling key assets to 3 aerospace companies

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The company was known for its air-launch system.

Stratolaunch, which may use Cosmic Girl as a boost stage for its hypersonic Talon vehicle, will deposit the amount in escrow immediately after court approval, although the company has not yet publicly announced its bid., a private spaceflight company providing launch services to the small satellite industry, was selected as the winning bidder for Virgin Orbit's headquarters and manufacturing facility in Long Beach, California. The $16.

, a powerful, reusable rocket slated to debut in 2024. The company aims to fly heavier payloads, and eventually even astronauts, using Neutron. Virgin Orbit's California headquarters, which are only a short drive away from Rocket Lab's main office, will provide engineering, manufacturing and test capabilities to the Neutron team, Rocket Lab said in aon Tuesday evening. The company added that it will not be using Virgin Orbit's launch system for existing launch services.

"With Neutron's design and development well-advanced, this transaction represents a capital expenditure savings opportunity to augment our production capability to bring Neutron to the launch pad quickly to serve our customers and their future success," Rocket Lab CEOA close-up look at Stratolaunch's Talon-0 prototype just after its release from the company's Roc carrier plane during a test flight on May 13, 2023.

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Virgin Orbit auctions $36 mln in remaining assets as company foldsRichard Branson's bankrupt satellite launch firm, Virgin Orbit, on Tuesday revealed that it was closing for good after a $36.4 million asset sale, including an agreement to sell the bulk of its Long Beach, California, headquarters to small-launch firm Rocket Lab USA Inc.
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Richard Branson’s Long Beach space-launch company Virgin Orbit to liquidateStratolaunch and Rocket Lab USA Inc. are among the buyers for assets of Virgin Orbit Holdings Inc., the bankrupt space-launch company tied to billionaire Richard Branson that until recently employed nearly 700 people in Southern California
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