Virgin Orbit Falls Apart, Sells Assets for $36 million

Virgin Orbit sold its facility leases and equipment to three aerospace companies for a total of $36 million in an auction.
Rocket Lab purchased Virgin Orbit's headquarters in Long Beach, California for $16.1 million, including assets such as 3D-printers and a specialty tank welding machine.
Stratolaunch was awarded its $17 million "stalking horse" bid for Virgin Orbit's 747 jet, named "Cosmic Girl", which it plans to use as a platform for hypersonic flight testing.
Launcher, a subsidiary of Vast Space, is purchasing Virgin Orbit's facility in Mojave, California, as well as some machinery, equipment, and inventory for $2.7 million.
Virgin Orbit filed for Chapter 11 bankruptcy protection on April 4 months of bad news.