Virgin Orbit to sell its manufacturing facility to Rocket Lab

Virgin Orbit Holdings

23/05/2023 19:00

WASHINGTON, May 23 (Reuters) - Richard Branson's
bankrupt satellite launch firm Virgin Orbit said in a Tuesday
court filing it plans to sell the bulk of its Long Beach,
California headquarters, including its machinery and equipment,
to small launch firm Rocket Lab for $16 million.

 (Reporting by Joey Roulette
Editing by Chris Reese)
 ((Joey.Roulette@thomsonreuters.com; 7034696632;))