virginorbit
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Bankrupt Virgin Orbit Sells Scraps at Auction, Including Its Big Plane
The ongoing saga of Virgin Orbit’s ongoing crash and burn appears to have finally come to an end. Assets from the satellite launch company, founded by British entrepreneur Richard Branson, have officially been sold off at auction, with some major spaceflight players picking up the crumbs.
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How Virgin Orbit Went Bankrupt
Virgin Orbit has set a deadline of May 14 for bids on its business, the bankrupt rocket-maker said in a court filing this week.
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For Europe, This Upcoming German Rocket Can’t Arrive Soon Enough
German company Isar Aerospace has raised $US165 ($229) million in order to ramp up the development of its Spectrum rocket, which is scheduled for its debut launch later this year. For Europeans needing access to space, the rocket’s arrival will come not a moment too soon.
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The Past Four Months Have Been Rough on Rockets — Especially New Ones
Last week, Relativity Space’s 3D-printed Terran 1 rocket failed to reach orbit on its first flight. That’s now the sixth failed launch in the past four months across the global space industry, in what’s an upsetting yet not altogether surprising trend.