According to filings, VG has split the launcher project off to LauncherOne LLC

[ringsider]

Part of a recent filing in the VG vs Firefly lawsuit in Los Angeles Courts:

[Lar]

could be a wholly owned subsidiary at this point.

[ringsider]

could be a wholly owned subsidiary at this point.

I think that is both likely and unlikely (I should have been an economist...).

Actually I lean towards "unlikely" for these reasons:-

Unlikely:

- They would probably split it to avoid mixing investment/shareholding/revenue streams
- The moving of IPR implies asset shifting, to separate the assets and liabilities more cleanly
- Both imply they are raising money again

Likely:

- VG as the holding co. is easy to enact
- maybe just to make the accounting/management roles easier to understand

[Kryten]

Some job postings for LauncherOne LLC are already up on VG's site;
https://careers-virgingalactic.icims.com/jobs/2597/general-counsel-%E2%80%93-launcherone%2c-llc/job