Virgin Orbit has announced it is selling its assets and will cease operations months after a mission failure in the UK.
In a statement, Richard Branson’s US satellite launch firm said: “(Our) legacy in the space industry will forever be remembered. Its ground-breaking technologies, relentless pursuit of excellence, and unwavering commitment to advancing the frontiers of air launch have left an indelible mark on the industry.”
The California-based company, which attempted to shoot a rocket into orbit from the UK’s only licensed spaceport, located at Cornwall Airport Newquay, said it would sell its assets to four winning bidders.
