Branson's Virgin Orbit in talks with former Goldman partner's SPAC for $3 billion deal to go public

Canada News News

Branson's Virgin Orbit in talks with former Goldman partner's SPAC for $3 billion deal to go public
Canada Latest News,Canada Headlines
  • 📰 CNBC
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Virgin River' Trailer: Mel Wants to Have a Baby -- But Does Jack?'Virgin River' Trailer: Mel Wants to Have a Baby -- But Does Jack?The emotional third season of 'Virgin River' begins streaming July 9 on Netflix.
Read more »

This Waiter Gave A Pregnant Customer Virgin Cocktails When She Ordered Alcoholic Ones — Who's The Asshole?This Waiter Gave A Pregnant Customer Virgin Cocktails When She Ordered Alcoholic Ones — Who's The Asshole?'It was clear to me that she was pregnant.'
Read more »

Virgin River fans spot tragic detail in trailer for season three as Mel and Jack disagree over baby plansVirgin River fans spot tragic detail in trailer for season three as Mel and Jack disagree over baby plansThe trailer for the third season of the Netflix series has finally arrived and fans have picked up on this heartbreaking scene
Read more »

‘Virgin River’ Season 3 Trailer: A Funeral, A Fire, A Divorce And More Twists For Jack & Mel‘Virgin River’ Season 3 Trailer: A Funeral, A Fire, A Divorce And More Twists For Jack & Mel“Is there something going on with you guys?” Here’s the first trailer for Season 3 of Virgin River, Netflix’s little ditty about Jack and Mel. Alexandra Breckenridge is Meli…
Read more »

Microsoft and American Airlines-backed flying taxi startup to go public in new $5 billion blank-check waveMicrosoft and American Airlines-backed flying taxi startup to go public in new $5 billion blank-check waveA developer of electric, flying taxis is set to go public in New York by merging with a blank-check SPAC as part of the latest wave of listings bringing more than $5 billion in enterprise value to the stock market.
Read more »



Render Time: 2025-03-07 04:00:56