Virgin Orbit went public via a merger with NextGen Acquisition II in a $3.2bn deal.

Virgin Orbit, a responsive launch and space solutions company, went public via a merger with NextGen Acquisition II, a blank check company, in a $3.2bn deal. Investors in PIPE included Boeing and AE Industrial Partners. “The Virgin Orbit team has proven its ability to create new ideas, new approaches, and new capabilities. They are building on the incredible foundation of their rapid transition into successful commercial launch operations to find new ways to solve big problems that uplift our customers’ amazing ideas, again and again. I’m very excited we are taking Virgin Orbit public, with the support of our partners at NextGen and our other wonderful investors. It’s another milestone for empowering all of those working today to build space technology that will positively change the world,” Richard Branson, Virgin Orbit Founder.