Virgin Orbit won't: Satellite launching company shutters
Now fresh filings with the federal bankruptcy court in Delaware show that New Zealand's Rocket Lab has snapped up the lease to Virgin Orbit's 144,000+ square foot headquarters and manufacturing complex in Long Beach, California, along with its main factory – which is sited on the premises – and other"machinery and equipment" for $16.118 million.
The Peter Beck-led outfit said it would use the assets to bolster Rocket Lab's existing production, manufacturing, and test grunt and further advance work on its larger launch vehicle, Neutron. In a press release emittedbe integrating Virgin Orbit's launch system"within its existing launch services." Ouch!, meanwhile, will buy Cosmic Girl, Virgin Orbit's Boeing 747 aircraft, and some"related equipment" for $17 million.
Virgin Orbit only ever operated one 747, a former Virgin Atlantic Boeing 747-400, the same aircraft that carried its last payload from Newquay Airport in Cornwall on that fateful
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Virgin Orbit: Branson’s rocket dream ends after mission failureVirgin Orbit's shutdown follows a major launch failure and most of staff have been laid off.
Read more »
First Arab female astronaut reaches space stationSaudi scientist Rayyanah Barnawi will carry out breast cancer research while in orbit.
Read more »
Vaping: High lead and nickel found in illegal vapesDo you know what's in your vape? Vapes confiscated from some school pupils contain high levels of lead, nickel and chromium.
Read more »
Activision nukes another Call of Duty fan project from orbit: 'Thank you all for your support over the years'Morgan has been writing for PC Gamer since 2018, first as a freelancer and currently as a staff writer. He has also appeared on Polygon, Kotaku, Fanbyte, and PCGamesN. Before freelancing, he spent most of high school and all of college writing at small gaming sites that didn't pay him. He's very happy to have a real job now. Morgan is a beat writer following the latest and greatest shooters and the communities that play them. He also writes general news, reviews, features, the occasional guide, and bad jokes in Slack. Twist his arm, and he'll even write about a boring strategy game. Please don't, though.
Read more »
Neeva: Ad-free search engine shuts downFounded by a former Google exec, Neeva asked people to pay for the service rather than be shown ads.
Read more »
Virgin Orbit: Branson’s rocket dream ends after mission failureVirgin Orbit's shutdown follows a major launch failure and most of staff have been laid off.
Read more »