Rocket Lab scoops up Virgin Orbit Long Beach California assets

Los Angeles CA (SPX) May 24, 2023

Rocket Lab USA, Inc. has been selected as a successful bidder and is finalizing an asset purchase agreement for the purchase of certain Long Beach California aerospace production and manufacturing assets from Virgin Orbit Holdings, Inc. and certain of its subsidiaries ("Virgin Orbit") in Virgin Orbit's Chapter 11 bankruptcy auction. Rocket Lab's successful bid of approximately $16.1 millio