USA. Virgin Orbit to expand launch business, move into satellite services (Space News)

Virgin Orbit will use the proceeds of a merger with a special-purpose acquisition company to expand its launch business and develop a satellite constellation for internet-of-things and Earth observation services.

Virgin Orbit announced Aug. 23 that it will merge with NextGen Acquisition Corp. II, a SPAC, in a deal expected to close at the end of this year. The deal includes a concurrent $100 million funding round backed by Boeing and AE Industrial Partners, providing Virgin Orbit with as much as $483 million in capital before transaction expenses.

Virgin Orbit to expand launch business, move into satellite services – SpaceNews

Marco Emanuele
Marco Emanuele è appassionato di cultura della complessità, cultura della tecnologia e relazioni internazionali. Approfondisce il pensiero di Hannah Arendt, Edgar Morin, Raimon Panikkar. Marco ha insegnato Evoluzione della Democrazia e Totalitarismi, è l’editor di The Global Eye e scrive per The Science of Where Magazine. Marco Emanuele is passionate about complexity culture, technology culture and international relations. He delves into the thought of Hannah Arendt, Edgar Morin, Raimon Panikkar. He has taught Evolution of Democracy and Totalitarianisms. Marco is editor of The Global Eye and writes for The Science of Where Magazine.

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