The modified Boeing 747 plane, named “Cosmic Girl”, will take off from Spaceport Cornwall in southwest England.
Hugh Hastings / Stringer / Getty Images
Bankrupt rocket company Virgin Orbit sold its assets and equipment to a trio of aerospace companies in an auction, according to a court filing released on Tuesday.
The bids amount to about $36 million in total.
Rocket Lab successfully bid $16.1 million for the company’s “machinery & equipment and lease,” according to the filing, while Stratolaunch was awarded its $17 million “stalking horse” bid for Virgin Orbit’s 747 jet. Launcher, a subsidiary of Vast Space, is purchasing the company’s facility in Mojave, California —as well as some machinery, equipment and inventory — for $2.7 million.
Virgin Orbit, Rocket Lab, Stratolaunch, and Launcher did not immediately respond to CNBC requests for comment.
Previously in the bankruptcy process, Virgin Orbit agreed to the terms of Stratolaunch’s bid, which was to purchase the 747 jet “Cosmic Girl” and other aircraft assets.
Virgin Orbit filed for bankruptcy protection on April 4 after the company failed to secure a funding lifeline and laid off nearly its entire workforce.
This story is developing. Please check back for updates.
