It's Official now - In a shut down mode , Virgin Orbit has sold off its launch system assets to Stratolaunch, Rocket Lab, and Launch for a total of $36.4 million, in a bankruptcy auction yesterday.
Stratolaunch has today announced that it has received approval from the U.S. Bankruptcy Court for the District of Delaware to acquire Virgin Orbit's modified Boeing 747 — Cosmic Girl and its related parts and equipment, marking an expansion of Stratolaunch's air-launch fleet. The acquisition is expected to close by July 31, 2023.
Read more about Cosmic Girl....
Stratolaunch is a technology accelerator that enables reusable and routine hypersonic testing through world-class aerospace vehicles and in-flight test capabilities.
Upon closing of the acquisition, the additional aircraft will be repurposed as a launch platform for Stratolaunch's Talon-A reusable hypersonic testbeds and is expected to be fully operational in 2024.
U.S. bankruptcy court has approved Virgin Orbit's asset sales to Rocket Lab and Stratolaunch.
The expansion of Stratolaunch's fleet will increase its in-flight test capacity and ability to support government and commercial customers globally.
"The addition of this aircraft is a transformational milestone," said Dr. Zachary Krevor, President and CEO of Stratolaunch. "With Roc remaining as our mainstay aircraft, an additional 747 brings expanded capabilities and flexibility to our platform. We will be able to increase both our flight test capacity and reach to become an even stronger partner to global customers."
Meanwhile, Stratolaunch's twin-fuselage, six-engine Roc aircraft is carrying out longer flights of upto six hours ,while also conducting the different flight tests and Talon-A separation test vehicle, TA-0 release exercise.
The acquisition of the modified 747 follows Stratolaunch's first successful Talon-A vehicle separation test on May 13. During the separation release trial, Stratolaunch demonstrated clean and safe separation of hypersonic vehicles and confirmed telemetry between the vehicles and on-the-ground communication assets.
With this landmark test complete, Stratolaunch will progress toward its first hypersonic flight of the TA-1 expendable testbed in late summer 2023.
Krevor continued: "The need for hypersonic testing has never been greater and we are committed to fulfilling this national imperative. We are making tremendous strides as we continue to enable the future of hypersonic testing. With the recent successful Talon-A separation test, we are excited to prepare for our first hypersonic flight of the TA-1 testbed."
However, the acquisition is subject to customary closing conditions. Following closing of the acquisition, the aircraft will undergo maintenance and modification to accommodate its new hypersonic test mission.
Though, the launch platform will also be rebranded in the coming months, the development took shape in such time, when Stratolaunch Roc has successfully completed its first drop test.
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