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Virgin Orbit eyes SPAC deal valuing it at $3bn, Sky reports

Virgin Orbit is close to merging with a SPAC, valuing Richard Branson’s company at $3 billion, Sky News reported. Virgin …

Frontiers News News Space Space Economy News

Virgin Orbit is close to merging with a SPAC, valuing Richard Branson’s company at $3 billion, Sky News reported. Virgin Orbit is close to finalising a deal to combine with NextGen Acquisition II, a special purpose acquisition company (SPAC) set up by George Mattson, a former Goldman Sachs banker, Sky News reported.