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Virgin Orbit auctions US$36M in remaining assets as company folds

Richard Branson s bankrupt satellite launch firm, Virgin Orbit, on Tuesday revealed that it was closing for good after a US$36.4 million asset sale, including an agreement to sell the bulk of its Long Beach, California, headquarters to small-launch firm Rocket Lab USA Inc.

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Virgin Orbit to cease operations, sell assets of Richard Branson s satellite launcher

Virgin Orbit to cease operations, sell assets of Richard Branson s satellite launcher
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Virgin Orbit Auctions $36 Million in Remaining Assets as Company Folds

Virgin Orbit Auctions $36 Million in Remaining Assets as Company Folds
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Rocket company Virgin Orbit shuts down after selling assets

Rocket company Virgin Orbit shuts down after selling assets
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Virgin Orbit shuts down after selling assets to 3 aerospace companies

California-based Virgin Orbit said it will permanently cease operations after selling key assets to Rocket Lab, Stratolaunch and Launcher.

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