Updated 8/12/2022 at 12:02 p.m. EDT with information about launch credit with SpaceX.
by Douglas Messier
MOJAVE, Calif. — Astrobotic Technology has made an initial bid of $4.5 million to acquire the assets of Masten Space Systems, which sought protection from creditors last month by filing for Chapter 11 bankruptcy. The bid will serve as a minimum during the subsequent auction of Masten’s assets.
Astrobotic has also agreed to provide Masten with a $1.4 million debtor in possession (DIP) loan to allow the company to function as it works through bankruptcy.(more…)
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