Virgin Orbit Holdings, Inc. (VORB)

A new 3D-printed rocket engine created by Skyrora is undergoing testing in Scotland ahead of plans for launching it into space. The privately-owned rocket manufacturer created the engine using its Skyprint 2 machine, one of Europe's largest 3D printers.

Virgin Orbit filed for bankruptcy protection last month. This month the process is wrapping up as Virgin Orbit's assets have been auctioned off to the highest bidder(s).

Virgin Orbit Holdings Inc (NASDAQ:VORB) has met its end after confirming assets will be sold off to rivals just months after a failed attempt to launch a rocket into space from the UK. Richard Branson's company agreed to sell leases on property and its converted Boeing 747 jet, which was used for launches, for just US$36mln – 1% of a US$3.7bn December 2021 valuation.

Rocket Lab USA RKLB, -8.69% said Tuesday it is finalizing an asset purchase agreement to buy certain aerospace production and manufacturing assets as part of Virgin Orbit Holdings's VORWQ, +28.79% chapter 11 bankruptcy auction.

Bankrupt satellite-launch company Virgin Orbit Holdings Inc. VORWQ, +28.79% is winding down operations after selling facilities, some equipment and other assets to at least three aerospace companies, including Rocket Lab USA Inc. RKLB, -8.69%, CNBC reported late Tuesday, citing a statement it obtained from Virgin Orbit. The company has filed for bankruptcy and earlier this month said it had received “over 30 indications of interest” from parties proposing to continue operations and retain current employees.

Richard Branson's bankrupt satellite launch firm Virgin Orbit said in a Tuesday court filing it plans to sell the bulk of its Long Beach, California headquarters, including its machinery and equipment, to small launch firm Rocket Lab for $16 million.

Bankrupt rocket company Virgin Orbit received a $17 million "stalking horse" bid for its modified 747 carrier jet and other aircraft assets on Tuesday.

Virgin Orbit has pushed back the deadline for rescue bids as the commercial satellite venture founded by Sir Richard Branson scrambles to avert bankruptcy.

SVB Financial Group, the onetime parent of Silicon Valley Bank, and Signature Bank will be delisted from the Nasdaq, the Nasdaq Stock Market announced on Friday, following the failure of both banks and the trading suspension of their shares last month. Richard Branson's Virgin Orbit Holdings Inc., a developer of satellite launch systems, will also be delisted, after the company filed for Chapter 11 bankruptcy this month.

Richard Branson's Virgin Orbit Holdings Inc. has told interested buyers to submit bids in the next three weeks to purchase the failed satellite launch company, The Washington Post reported on Thursday.

Virgin Orbit Holdings Inc on Wednesday blamed a dislodged filter for its failed rocket launch in January and said it was planning a flight later this year as the issue has been fixed.

Virgin Orbit (NASDAQ: VORB ) stock is falling on Tuesday after the space travel company received a delisting notice from the Nasdaq Exchange. This delisting notice is the result of Virgin Orbit voluntarily entering Chapter 11 bankruptcy protection.

Here are some of the biggest stock movers on Tuesday.

Virgin Orbit Holdings Inc shares are heading for a new low as it fights a decision by Nasdaq to delist the company's shares and warrants after it filed for Chapter 11 bankruptcy.  Last week, the rocket launch outfit said it would continue operating while it tries to sell the business, helped by further financing from founder Sir Richard Branson.

Virgin Orbit Holdings Inc. VORB, -17.20% on Monday said that the Nasdaq planned to delist its shares after the developer of space-launch systems filed for Chapter 11 bankruptcy protection last week and said it was looking for a buyer. Trading will be suspended on April 13, although the company plans to appeal the decision.

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