Branson's Virgin Orbit in talks with former Goldman partner's SPAC for $3 billion deal to go public
Publishing timestamp: 2021-06-12 19:37:12
Summary
Virgin Orbit, a satellite launching spinoff of Virgin Galactic, is in advanced discussions to go public at a $3 billion valuation through a SPAC led by a former Goldman Sachs partner. The deal is expected to be announced in the coming weeks. Virgin Orbit uses a unique air launch method to send rockets into space and completed its first successful launch in January. NextGen Acquisition II raised $383 million to help Virgin Orbit scale its business.
Sentiment: NEUTRAL
Keywords: goldman sachs group inc, breaking news: technology, the edge, virgin orbit, aerospace and defense industry, space industry, markets, boeing co, technology, virgin galactic holdings inc, breaking news: business, transportation, business news, business, richard branson,
Source: https://www.cnbc.com/2021/06/12/virgin-orbit-in-talks-with-spac-for-3-billion-deal-to-go-public.html