RKLB - Rocket Lab Buys Virgin Orbit Facility In $16M Deal Plans Engine Development | Benzinga
Rocket Lab USA, Inc (NASDAQ: RKLB) showcased its new engine development center within Virgin Orbit's former facility, making it a cost-effective decision.
The company acquired the 144,000-square-foot complex for $16.1 million during Virgin Orbit's bankruptcy auction in May, significantly below its actual worth, providing a crucial boost to their expansion.
Rocket Lab recently inaugurated its engine development center within Virgin Orbit's former facility, signaling a cost-efficient strategy to scale up its operations, TechCrunch reports.
The 144,000+ square-foot complex will house the production of the Rutherford engine, a key component of Rocket Lab's rockets, and serve as the development and production hub for the new Archimedes engine, which will ...