Firefly Aerospace buys the final scraps of doomed Virgin Orbit
Firefly Aerospace’s purchased assets include inventory at two of Virgin Orbit’s former Long Beach, CA, production facilities. Among them are engines and other components for Virgin’s LauncherOne vehicles and two additional engines stored at a Mojave, CA, test site. At last month’s auction, Virgin Orbit said it “deemed it in the best interests of the Debtors’ estates” to hang onto the remaining assets for the time being.
Once-promising Virgin Orbit, a spinoff of Virgin Galactic specializing in the air-launching of satellite rockets from a modified Boeing 747, saw its stock nosedive in the months leading up to its downfall. Only four of the company’s six flights between 2020 and 2023 were successful, and its most recent attempt earlier this year reportedly
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