Bankrupt rocket company Virgin Orbit sold its assets and equipment to a trio of aerospace companies in an auction, according to a court filing released on Tuesday.
The bids amount to about $36 million in total.
Rocket Lab successfully bid $16.1 million for the company’s “machinery & equipment and lease,” according to the filing, while Stratolaunch was awarded its $17 million “stalking horse” bid for Virgin Orbit’s 747 jet. Launcher, a subsidiary of Vast Space, is purchasing the company’s facility in Mojave, California —as well as some machinery, equipment and inventory — for $2.7 million.
Virgin Orbit had previously agreed to the terms of Stratolaunch’s bid, which was to purchase the 747 jet “Cosmic Girl” and other aircraft assets.
This story is developing. Please check back for updates.
