Source: Virgin Orbit’s launch business sold for parts to Vast, Stratolaunch, and Rocket Lab
Summary
Virgin Orbit’s assets have been auctioned for $36 million as part of its Chapter 11 bankruptcy. Rocket Lab will buy the company’s manufacturing facility for $16.1 million, Stratolaunch will get Virgin’s “Cosmic Girl” aircraft for $17 million, while Launcher will purchase the Mojave-based facilities for $2.7 million.
Fact
💰 Virgin Orbit’s assets were auctioned for $36 million as part of its Chapter 11 bankruptcy proceedings.
🛫️ Stratolaunch will buy Virgin Orbit’s “Cosmic Girl” aircraft and related assets for $17 million.
🏭 Rocket Lab will purchase Virgin Orbit’s Long Beach-based manufacturing facility for $16.1 million.
🚀 Launcher will acquire Virgin Orbit’s Mojave-based facilities for $2.7 million.
Source: Netflix begins its password sharing crackdown in the U.S.
Summary
Netflix is starting to crack down on password sharing in the US. Under the new rules, subscribers will have to remove people from the account or pay $7.99 per month for an extra membership for those outside the main household.
Fact