Virgin Galactic Stock: Virgin Orbit is in discussions to go public through a SPAC(robo investor)

#SPCE #SPAC #virgingalactic
Virgin Orbit, the satellite launching spinoff of Sir Richard Branson’s Virgin Galactic, is in advanced discussions to go public at about a $3 billion valuation through a SPAC, CNBC confirmed on Saturday.
The SPAC, led by a former Goldman Sachs partner, is NextGen Acquisition II, a person familiar with the discussions told CNBC.
A deal expected to be announced in the coming weeks, the person said.
The company is in talks on a deal with NextGen Acquisition II, a person familiar with the discussions told CNBC. NextGen II is a special purpose acquisition company led by George Mattson, who previously co-led Goldman’s global industrials group.