{"id":21965,"date":"2023-05-25T01:39:22","date_gmt":"2023-05-24T17:39:22","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/virgin-orbit-sold-in-pieces-assets-going-to-rocket-lab-launcher-and-stratolaunch\/"},"modified":"2023-05-25T01:39:22","modified_gmt":"2023-05-24T17:39:22","slug":"virgin-orbit-sold-in-pieces-assets-going-to-rocket-lab-launcher-and-stratolaunch","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/virgin-orbit-sold-in-pieces-assets-going-to-rocket-lab-launcher-and-stratolaunch\/","title":{"rendered":"Virgin Orbit sold in pieces: Assets going to Rocket Lab, Launcher, and Stratolaunch"},"content":{"rendered":"
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Virgin Orbit to be sold in pieces to three companies<\/h2>\n

Totaling $36 million, three companies will take hold of the build of Virgin Orbit\u2019s assets, including buildings, test sites, and the company\u2019s 747 aircraft. What has yet to be sold so far has been the company\u2019s IP, which I would guess would stay in Virgin Group and the six rockets that are being assembled. According to CNBC, a fourth company, Inliper, purchased all of Virgin Orbit\u2019s office equipment for about $650,000.<\/p>\n

First up is Rocket Lab, which is paying $16.1 million for Virgin Orbit\u2019s headquarters in Long Beach, California. A good deal since Rocket Lab is headquartered less than a half mile in the same business park even tho the company launches out of New Zealand and Virginia. The SmallSat launcher is also getting manufacturing equipment like 3D printers and a tank welding machine. This is a massive win for Rocket Lab which is looking to increase its production to meet the demand for rapid, responsive launch, a process Virgin Orbit helped start when it was created.<\/p>\n

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