Virgin Orbit has received a $17 million bid for its aircraft assets from the hypersonic vehicle company Stratolaunch, according to new court filings released Tuesday (May 16).
Virgin Orbit, which filed for bankruptcy in early April after it failed to secure long-term funding, and Stratolaunch, the builder of the world's biggest airplane, called Roc, entered what's called a "stalking horse bid," which is a term used for an initial bid on a bankrupt company's assets.
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