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Stratolaunch

US
commercialFounded 2011
History · 1 eventMay 23, 2023 · Virgin Orbit files for bankruptcy, assets sold to Rocket Lab, Stratolaunch, and Vast/Launcher
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Organization history

Identity changes, mergers, acquisitions, splits, and transferred business lines.

1 event

  1. May 23, 2023Dissolution

    Virgin Orbit files for bankruptcy, assets sold to Rocket Lab, Stratolaunch, and Vast/Launcher

    Source
    Buyer
    Launcher Space
    Buyer
    Rocket Lab
    Buyer
    Stratolaunch
    Dissolved organization
    Virgin Orbit
    Event context

    Virgin Orbit filed for Chapter 11 bankruptcy April 4, 2023 after failing to secure funding and laying off nearly its entire workforce. In a May 23, 2023 bankruptcy auction (~$36M total), assets were sold to Rocket Lab ($16.1M, Long Beach HQ), Stratolaunch ($17M, the "Cosmic Girl" 747), and Vast's Launcher subsidiary ($2.7M, Mojave facility/equipment); the company then ceased operations with no single successor.

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