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Rocket company Virgin Orbit shuts down after selling assets

Por: New York Daily News World May 25, 2023

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Billionaire Richard Branson’s rocket company Virgin Orbit has shut down and sold its assets months after a major mission failure. The end of operations comes less than two months after the company filed for bankruptcy protection and laid off 85% of its workers in early April. Virgin Orbit’s assets were mostly sold to aerospace companies Rocket Lab, Stratolaunch and Vast Space subsidiary Launcher for a combined $36 million. Another six... + full article



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