Virgin Orbit to liquidate and sell off assets

Gone bust: The Virgin Orbit Cosmic Girl parked at the Long Beach Airport in California. Rocket Lab is buying Virgin Orbit’s primary rocket factory in California for US$16.1mil. — AFP

WASHINGTON: Stratolaunch LLC and Rocket Lab USA Inc are among the buyers for assets of Virgin Orbit Holdings Inc, the bankrupt space-launch company tied to billionaire Richard Branson.

Virgin Orbit will sell its modified Boeing 747, known as Cosmic Girl, to Stratolaunch for US$17mil (RM77.8mil) after no better bids emerged, according to bankruptcy court papers filed Tuesday.