Trust Size
$241M
Current Price
$0.00
Peak Market Cap
$3.7B
Price Journey
What Happened
Virgin Orbit was a satellite launch company founded by Richard Branson that used a modified Boeing 747 to air-launch rockets carrying small satellites to orbit. The company went public via SPAC merger with NextGen Acquisition Corp II in 2021. It filed for Chapter 11 bankruptcy in April 2023 after a failed launch.
NextGen Acquisition Corp II merged with Virgin Orbit in December 2021 at a $3.2 billion valuation. The company had successfully launched satellites but a January 2023 mission from the UK failed catastrophically. Unable to secure additional funding, Virgin Orbit filed for Chapter 11 in April 2023. Its assets were auctioned off, with Rocket Lab and others acquiring various components for approximately $36 million total.
Timeline
2021-03-12
S-1 Registration Filed
2023-08-04
Last SEC Filing
2023-04-04
Filed for bankruptcy
SEC Filing Details
CIK Number
1843388
Total SEC Filings
220
State of Incorporation
E9
Last Filing Date
2023-08-04
Business Location
Boca Raton, FL
Trust/Asset Size
$241M
Data sourced from SEC EDGAR Company Facts API and EFTS search index.
📄 SEC Filings
View all EDGAR filings for Virgin Orbit Holdings