: Virgin Orbit starts to wind down operations, sell assets: report

Bankrupt satellite-launch company Virgin Orbit Holdings Inc. VORWQ is winding down operations after selling facilities, some equipment and other assets to at least three aerospace companies, including Rocket Lab USA Inc.RKLB, CNBC reported late Tuesday, citing a statement it obtained from Virgin Orbit. The company has filed for bankruptcy and earlier this month said it had received “over 30 indications of interest” from parties proposing to continue operations and retain current employees. Virgin said then that a deadline for final binding offers was set for later in the month. Virgin Orbit did not immediately return a request for comment.

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