Virgin Orbit receives $17 million bid from Stratolaunch for service airplane and comparable plane property

Virgin Orbit has gained a $17 million bid for its plane property from the hypersonic automobile corporate Stratolaunch, in step with new courtroom filings launched Tuesday (May 16).

Virgin Orbitwhich filed for chapter in early April after it did not protected long-term investment, and Stratolaunchthe builder of the sector’s greatest aircraft, referred to as rockentered what is referred to as a “stalking horse bid,” which is a time period used for an preliminary bid on a bankrupt corporate’s property.

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