Virgin Orbit Disassembled as Company Ceases Operations
Virgin Orbit, once a thriving company, has undergone a significant transformation as it recently faced bankruptcy. In an auction that followed, the company was sold off in parts. Rocket Lab USA, a modest satellite launch provider and aerospace manufacturer, made a noteworthy acquisition by purchasing Virgin Orbit's expansive Long Beach headquarters spanning 144,000 square feet, along with a range of machinery and equipment.Rocket Lab USA, located conveniently in Long Beach, is currently engrossed in the development of Neutron, a larger launch vehicle. Peter Beck, CEO and founder of Rocket Lab, expressed his satisfaction with the purchase, highlighting the added value of Virgin Orbit's lease. According to Beck, this acquisition allows for a collaborative environment with shared engineer...