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This month, Virgin Orbit mentioned it had obtained much more than thirty letters of fascination from possible bidders for its click now assets, a higher total than the corporate anticipated, anyone knowledgeable about the process told Reuters at some time.

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Rocket Lab, the seasoned tiny-rocket corporation whose headquarters is less than a mile from Virgin Orbit's, gained the bankrupt rocket firm's primary production internet site for $sixteen million all through an auction held on Monday, Based on a court docket filing disclosing the results of the weeks-lengthy Chapter 11 bid approach.

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