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

Bankrupt rocket institution Virgin Orbit sold its assets and instrumentality to a trio of aerospace companies successful an auction, according to a tribunal filing released connected Tuesday.

Rocket Lab successfully bid $16.1 cardinal for the company's "machinery & instrumentality and lease," according to the filing, portion Stratolaunch was awarded its $17 cardinal "stalking horse" bid for Virgin Orbit's 747 jet. Launcher, a subsidiary of Vast Space, is purchasing the company's installation successful Mojave, California —as good arsenic immoderate machinery, instrumentality and inventory — for $2.7 million.

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