Virgin Orbit may have found a buyer for some of its assets in hypersonic flight company Stratolaunch, according to new court filings.
Stratolaunch submitted a $17 million bid for some assets, including the modified Boeing 747 aircraft “Cosmic Girl,” in a so-called stalking horse bid. Stalking horse bids set the minimum floor price for the assets. The two companies entered the stalking horse agreement on May 16.
Virgin Orbit developed a system to send small payloads to orbit that uses Cosmic Girl and LauncherOne, a rocket that is affixed to its wing at take-off. Once the aircraft reaches an altitude of around 35,000 feet, Cosmic Girl releases …
