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Virgin Orbit Stops Operations After Bankruptcy Sales

Virgin Orbit Stops Operations After Bankruptcy Sales

Richard Branson's Virgin Orbit Holdings, which had filed for Chapter 11 bankruptcy protection, said it will sell its assets to four winning bidders following an auction and will cease operations. Rocket Lab USA, Inc., a launch and space systems company, said it has agreed to buy certain Long Beach California aerospace production and manufacturing assets from Virgin Orbit.
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