The deal would also include assets related to 'Cosmic Girl,' Virgin Orbit's modified Boeing 747.
Cosmic Girl was developed to carry Virgin Orbit's LauncherOne rocket to an altitude of roughly 35,000 feet , where it would be dropped off shortly before firing its engines and flying into orbit.Though LauncherOne recently performed four consecutive successful launches, it recently failed to reach orbit on an attempt that would have gone down as the first-ever rocket launch from the United Kingdom.
That launch failure likely played a large part in Virgin Orbit's subsequent problems. The company, which was already operating at a $50.5 million loss, lost nine customer satellites during the mission called "Start Me Up."Virgin Orbit has since announced it to Cosmic Girl and that more than 30 parties have shown interest in taking over operations with the staff that are still at the firm.earlier this month, Virgin Orbit CEO Dan Hart did say he was "pleased with the number and quality of the indications of interest we’ve received, which we believe reflects the innovative ideas and hard work the team has put into the development of this unique system.
Last year, Hart said that LauncherOne could eventually be used for more than small satellite launches and stated that it could one day be used to launch hypersonic vehicles for research purposes.That is likely what Stratolaunch has its eye on. The company's Roc aircraft was originally designed for small satellite launches, and it came close to bankruptcy in 2019. It has since successfully repositioned itself as a hypersonic vehicle launcher for customers, including the Pentagon.
The final hearing on Virgin Orbit's bankruptcy, meanwhile, will take place on May 22, so we will soon know more about the fate of the satellite launch firm.
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