The US Bankruptcy Court gave an order approving the sale of substantially all the assets of Virgin Orbit Holdings, Inc. on June 27, 2023. The debtor has been authorized to sell substantially all its assets to Firefly Aerospace, Inc. for a cash purchase price of $3.80 million minus deposit and assumption of assumed liabilities. The buyer is represented by Matthew Arenson, P.C. and Steve Toth of Kirkland & Ellis LLP as its legal advisors.