Virgin Orbit is in talks on a deal with NextGen Acquisition II, a special purpose acquisition company led by former Goldman Sachs partner George Mattson.
by Branson's multinational conglomerate Virgin Group, with a minority stake from Abu Dhabi sovereign wealth fund Mubadala.747 aircraft to launch its rockets, a method known as air launch.
Next Gen II raised $375 million when it completed its initial public offering in October. The funds would largely go to help Virgin Orbit scale its business. Virgin Orbit CEO Dan Hart told CNBC in October that the company was seeking to raise about $150 million in fresh capital.
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