.
The piecemeal sale indicates no adequate bids emerged for the whole of Virgin Orbit during an auction. Launcher Inc. is set to buy a test facility for $2.7 million, court papers show. Vast Space announced a deal recently to acquire Launcher.The asset disposals, which total more than $35 million, are subject to bankruptcy court approval.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stratolaunch tables $17 million bid for Virgin Orbit's 'Cosmic Girl'The deal would also include assets related to 'Cosmic Girl,' Virgin Orbit's modified satellite-launching Boeing 747.
Source: IntEngineering - 🏆 287. / 63 Read more »
Virgin Orbit to sell its manufacturing facility to Rocket LabRichard Branson's bankrupt satellite launch firm Virgin Orbit said in a Tuesday court filing it plans to sell the bulk of its Long Beach, California, headquarters, to small-launch firm Rocket Lab for $16 million.
Source: ReutersScience - 🏆 559. / 51 Read more »
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.
Source: ReutersScience - 🏆 559. / 51 Read more »
Watch SpaceX launch a big communications satellite into orbit tonight (May 23)Liftoff is scheduled to occur at 11:25 p.m. ET tonight (May 23), but the weather may not cooperate.
Source: SPACEdotcom - 🏆 92. / 67 Read more »
NASA's CAPSTONE satellite captures Moon image from lunar Gateway orbitThe tiny Moon satellite, CAPSTONE, is testing a potential orbit for NASA's ambitious lunar Gateway orbital station project.
Source: IntEngineering - 🏆 287. / 63 Read more »
NASA's tiny CAPSTONE probe snaps 1st photo of the moon, begins extended missionCAPSTONE is still going strong after more than six months in lunar orbit.
Source: SPACEdotcom - 🏆 92. / 67 Read more »