Branson’s Virgin Orbit going public in deal backed by Boeing
Branson’s Virgin Orbit going public in deal backed by Boeing
By Tony Robinson and Justin Bachman | Bloomberg
Richard Branson’s Virgin Orbit in Long Beach agreed to go public through a reverse merger with NextGen Acquisition Corp. II that will value the satellite-launch company at $3.2 billion.
Investors including Boeing Co. and AE Industrial Partners committed $100 million to Virgin Orbit through a private investment in public equity, according to a…