menu search

VORB / Virgin Orbit starts to wind down operations, sell assets: report

Virgin Orbit starts to wind down operations, sell assets: report
Bankrupt satellite-launch company Virgin Orbit Holdings Inc. VORWQ, +28.79% is winding down operations after selling facilities, some equipment and other assets to at least three aerospace companies, including Rocket Lab USA Inc. RKLB, -8.69%, CNBC reported late Tuesday, citing a statement it obtained from Virgin Orbit. The company has filed for bankruptcy and earlier this month said it had received “over 30 indications of interest” from parties proposing to continue operations and retain current employees. Read More
Posted: May 23 2023, 16:37
Author Name: Market Watch
Views: 112531

VORB News  

3D-printed rocket engine begins testing in Scotland

By Proactive Investors
June 19, 2023

3D-printed rocket engine begins testing in Scotland

A new 3D-printed rocket engine created by Skyrora is undergoing testing in Scotland ahead of plans for launching it into space. The privately-owned ro more_horizontal

Rocket Lab agrees to pay $16 million for portion of Virgin Orbit assets

By Market Watch
May 23, 2023

Rocket Lab agrees to pay $16 million for portion of Virgin Orbit assets

Rocket Lab USA RKLB, -8.69% said Tuesday it is finalizing an asset purchase agreement to buy certain aerospace production and manufacturing assets as more_horizontal

Virgin Orbit starts to wind down operations, sell assets: report

By Market Watch
May 23, 2023

Virgin Orbit starts to wind down operations, sell assets: report

Bankrupt satellite-launch company Virgin Orbit Holdings Inc. VORWQ, +28.79% is winding down operations after selling facilities, some equipment and ot more_horizontal

Virgin Orbit to sell its manufacturing facility to Rocket Lab

By Reuters
May 23, 2023

Virgin Orbit to sell its manufacturing facility to Rocket Lab

Richard 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 h more_horizontal

Virgin Orbit receives $17 million bid for rocket-carrying aircraft in bankruptcy court

By CNBC
May 17, 2023

Virgin Orbit receives $17 million bid for rocket-carrying aircraft in bankruptcy court

Bankrupt rocket company Virgin Orbit received a $17 million "stalking horse" bid for its modified 747 carrier jet and other aircraft assets on Tuesday more_horizontal

Virgin Orbit delays bid deadline in scramble to find rescuer

By Skynews
May 12, 2023

Virgin Orbit delays bid deadline in scramble to find rescuer

Virgin Orbit has pushed back the deadline for rescue bids as the commercial satellite venture founded by Sir Richard Branson scrambles to avert bankru more_horizontal

SVB Financial Group, Signature Bank, Virgin Orbit to be delisted from Nasdaq

By Market Watch
April 28, 2023

SVB Financial Group, Signature Bank, Virgin Orbit to be delisted from Nasdaq

SVB Financial Group, the onetime parent of Silicon Valley Bank, and Signature Bank will be delisted from the Nasdaq, the Nasdaq Stock Market announced more_horizontal

Virgin Orbit lays out sale plans: report

By Market Watch
April 21, 2023

Virgin Orbit lays out sale plans: report

Richard Branson's Virgin Orbit Holdings Inc. has told interested buyers to submit bids in the next three weeks to purchase the failed satellite launch more_horizontal


Search within

Pages Search Results: