Virgin Orbit lines up $3.8 million asset sale to Firefly Aerospace

By Sarah Lizee

Olympia, Wash., June 16 – Virgin Orbit Holdings, Inc. is seeking approval to sell all the inventory at its Conant and McGowen facilities to Firefly Aerospace, Inc. for $3.8 million, according to a notice filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

No backup bidder was chosen for the assets, which were up for auction along with the debtor’s other assets.

As previously reported, the company announced on June 5 that it closed four sales.

Specifically, on June 2, Rocket Lab USA, Inc. assumed the company’s commercial lease in Long Beach, Calif., and completed the purchase of specified assets from the debtors, including machinery and equipment located at the facility, for a total purchase price of $16.1 million.

Also on June 2, Inliper Acquisition, LLC and Liquidity Services Operations, LLC purchased machinery and equipment located at the company’s McGowen facility in Long Beach, Calif., for a total purchase price of $650,000.

Launcher, Inc. purchased on Friday machinery and equipment located at the company’s facility in Mojave, Calif., for a total purchase price of $2.7 million.

And, on June 2, Stratolaunch, LLC bought the specially modified Boeing 747 aircraft known as Cosmic Girl and some other specifically scheduled assets primarily related to the aircraft for a total purchase price of $17 million.

Each of the purchasers also assumed certain liabilities as part of the transactions.

Long Beach, Calif.-based Virgin Orbit operates space launch systems. The company filed bankruptcy on April 4 under Chapter 11 case number 23-10405.

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