Virgin Orbit To Close After Assets Divided Among Four Bankruptcy Bidders

Virgin Orbit

Virgin Orbit's 747, dubbed "Cosmic Girl," has been bought by Stratolaunch.

Credit: Patrick T. Fallon/AFP/Getty Images
Virgin Orbit, once a high-flying example of both space-launch technology and SPAC-fueled investor frenzy, will close after selling its assets to four winning bidders of a U.S. bankruptcy auction. A hearing to seek federal bankruptcy court approval is scheduled for May 24 with the related deals...
Michael Bruno

Based in Washington, Michael Bruno is Aviation Week Network’s Executive Editor for Business. He oversees coverage of aviation, aerospace and defense businesses, supply chains and related issues.

Subscription Required

 

This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login

 

Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.