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VORWQ / Virgin Orbit left gazing longingly at the stars as assets sold off

Virgin Orbit Holdings Inc (NASDAQ:VORB) has met its end after confirming assets will be sold off to rivals just months after a failed attempt to launch a rocket into space from the UK. Richard Branson's company agreed to sell leases on property and its converted Boeing 747 jet, which was used for launches, for just US$36mln – 1% of a US$3.7bn December 2021 valuation. Read More

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Posted: May 24 2023, 02:51

Author Name: Proactive Investors

VORWQ News

By Forbes
May 26, 2023

Stratolaunch Just Bought Virgin Orbit's 747 For Hypersonics Testing

Bankruptcy is often an opportunity for someone else, a maxim Stratolaunch just proved with its acquisition of a 747 from failed satellite launch compa

By TechCrunch
May 24, 2023

No tears, only launches now: Virgin Galactic heads back to space as Virgin Orbit goes under

In space, no one can hear you cry. That's probably why Virgin Galactic is headed up there so soon after the untimely demise of its sister company, Vir

By Skynews
May 24, 2023

Richard Branson ends Virgin Orbit operations after UK space mission failure

Richard Branson's Virgin Orbit has announced it will be shutting down.

By Proactive Investors
May 24, 2023

Virgin Orbit left gazing longingly at the stars as assets sold off

Virgin Orbit Holdings Inc (NASDAQ:VORB) has met its end after confirming assets will be sold off to rivals just months after a failed attempt to launc

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