Billionaire Sir Richard Branson's rocket company sold for USD 36 Million, shuts businesses
Shortpedia
Content Team
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Virgin Orbit, the bankrupt rocket company founded by British billionaire Sir Richard Branson, has shut down operations after selling its business to three aerospace companies for about $36 million in a bankruptcy auction. Rocket Lab bid $16.1 million for the company's headquarters in Long Beach, California. Stratolaunch was awarded its $17 million "stalking horse" bid for Virgin Orbit's 747 jet.
