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.
Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.
Loading comments
Getting the conversation ready...
Most Popular
Most Popular
- Sony’s PlayStation 5 is $200 off for the first time since December
- Anthropic’s most dangerous AI model just fell into the wrong hands
- Elon Musk admits that millions of Tesla vehicles won’t get unsupervised FSD
- The unraveling of Dan Crenshaw
- I bought Alienware’s $350 OLED monitor and I can’t believe how good it is
