Richard Branson's satellite-launching company Virgin Orbit to go public
CNN
Virgin Orbit, the Richard Branson-backed startup that launches small satellites into space, will make its stock market debut later this year, adding another name to the long list of space-focused companies to go public via reverse merger.
The deal, expected to close in the last three months of 2021, will value Virgin Orbit at $3.2 billion and list the company on the NASDAQ under the ticker VORB. Virgin Orbit is a separate entity from Virgin Galactic (SPCE), the other space-focused Branson company, which specializes in suborbital space tourism and last month flew Branson himself up for a brief trip to the edge of space. Virgin Orbit spun off from Virgin Galactic in 2017, and the latter company went public via its own SPAC deal in 2019.More Related News
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