Virgin Orbit, the satellite-launching spinoff of Richard Branson’s Virgin Galactic, is in advanced discussions to go public at about a $3 billion valuation through a SPAC led by a former Goldman Sachs partner, CNBC reports.
The company is in talks with NextGen Acquisition II, a person familiar with the discussions told CNBC. NextGen II is a SPAC co-led by George Mattson, who previously co-led Goldman’s global industrials group, and former PerkinElmer chairman and CEO Gregory Summe.
A deal is expected to be announced in the coming weeks. Read more.
