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Company CEO Dan Hart commented on the development, stating, "I'm pleased with the number and quality of the indications of interest we've received. This response reflects the innovative ideas and hard work the team has put into the development of this unique system." Hart also expressed his readiness to continue working with interested parties as the process moves toward the final bid deadline later this month.
This update follows the company's previous announcement of its intention to continue the sale process under Chapter 11 Bankruptcy protection. Virgin Orbit, however, has clarified that there can be no guarantees concerning the final outcome of the process. It is uncertain whether the winning final binding offer will propose to continue operating the company's business and retain current employees. The company also cannot ensure that the winning offer will provide any return to the holders of the company's common stock.
Meanwhile, Virgin Orbit continues its operational activities. The team is currently working on the final integration of their next rocket, with a launch planned for later this year. This progress indicates that, despite the ongoing sale process, the company remains focused on its primary objective of providing responsive space launch services.
As the sale process unfolds, industry observers and stakeholders will be watching closely to see the final outcome and its impact on Virgin Orbit's future trajectory.
Related Links
Virgin Orbit
Rocket Science News at Space-Travel.Com
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