 On December 13, 2019, Vector Launch Inc. and one affiliated company filed Chapter 11 bankruptcy in the United States District Court for the District of Delaware.It was revealed that the August layoffs had been precipitated by the withdrawal of financial support by Sequoia Capital, one of the company's largest investors, which led other potential investors to back out of an upcoming funding round in a domino effect.Vector has filed a motion with the court for approval to sell its assets pursuant to Section 363 of the US bankruptcy code (a provision that allows for the orderly sale of assets from a bankrupt estate).