Original title: Boeing plans to invest in Virgin Orbit’s $3.2 billion SPAC listing
Pinwan, August 23, according to market news, Boeing has pledged to invest in Richard Branson’s Virgin Orbit and participate in the satellite launch startup’s planned $3.2 billion special purpose acquisition company later this year ( SPAC) went public. According to sources, Virgin Orbit plans to list on the Nasdaq through a merger with NextGen Acquisition Corp., a SPAC run by former Goldman Sachs banker George Mattson.
It is understood that this round of financing has received a total of 100 million US dollars of committed funds. It is not clear how much Boeing has committed to investing, nor whether Boeing will invest directly or through cooperation with another fund. Boeing has not yet responded to a request for comment.