Richard Branson’s bankrupt launch provider Virgin Orbit (OTCMKTS: VORBQ), which spent more than $1 billion developing the capability to launch satellites from a Boeing 747 jumbo jet, auctioned off its assets to Rocket Lab, Launcher, Stratolaunch, and a fourth company called INLIPER for just under $36.5 million on Monday, according to a court filing.
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“Vast”
Welcome to Biz Briefs. In this edition, a consortium of European companies wins a contract for a satellite servicing mission, Vast announces plans to launch a private space station, UK regulators approve the Viasat-Inmarsat merger, bankrupt Virgin Orbit pushes back its bid deadline, Intuitive Machines delays its lunar mission, Virgin Galactic says it is going to continue powered flight tests later this month, and Spaceport America commissions a study for a new master plan.
(more…)Terran Orbital subsidiary Tyvak Nano-Satellite Systems has been awarded a $2.4 billion contract to supply 300 communications satellites to Rivada Space Networks. The company will build 288 satellites for deployment in low Earth orbit along with 12 spares.
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