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

Por: ABC News Business May 24, 2023

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WASHINGTON -- Richard Branson’s Virgin Orbit is shutting down less than two months after the satellite launch start-up filed for Chapter 11 bankruptcy protection, according to a Tuesday company announcement.Virgin Orbit will cease operations and sell its assets to four winning bidders, the company announced Tuesday. Those bidders include three aerospace companies — Rocket Lab, Stratolaunch and Vast Space subsidiary Launcher — with combined... + full article



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