Virgin Orbit sells for scrap is Virgin Galactic NEXT! - SPCE STOCK - VORBQ Martyn Lucas Investor

Virgin Orbit sells for scrap is Virgin Galactic NEXT! - SPCE STOCK

Virgin Orbit shuts down after bankruptcy sales

Bankrupt rocket company Virgin Orbit sold its assets and equipment to Rocket Lab, Stratolaunch, and Vast’s Launcher in a bankruptcy auction, and will cease operations.
Virgin Orbit filed for bankruptcy protection on April 4 after the company failed to secure a funding lifeline and laid off nearly its entire workforce.
Spun out of Virgin Galactic in 2017 by founder Sir Richard Branson, Virgin Orbit flew multiple missions, but difficulty raising funds and slow execution led to the company shutting down.

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