The remaining assets of Virgin Orbit have been acquired by Firefly Aerospace for $3.8 million. Firefly purchased these assets, which were left over from a May auction that generated $36 million in Virgin Orbit’s bankruptcy proceedings. The purchase by Firefly was reported in June 15th filings in a Delaware bankruptcy court (viaSpaceNews).
Firefly Aerospace’s acquisition includes inventory from two former production facilities of Virgin Orbit in Long Beach, CA. This inventory consists of engines and other components for Virgin’s LauncherOne vehicles, as well as two additional engines stored at a test site in Mojave, CA. Virgin Orbit had decided to retain these remaining assets for the time being during last month’s auction, stating that it was in the best interests of the company’s estates. Negotiations continued after the auction, leading to the sale to Firefly this week.
Once-promising Virgin…
2023-06-16 14:30:49
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