PARIS— Small satellite launch-service provider Virgin Orbit’s 2021 revenue fell far short of what it promised investors in the run-up to its SPAC-enabled stock-market introduction but said it expects to double its launch activity in 2022, to between four and six missions.
The company also said that while it had about $195 million in cash as of Dec. 31, it had entered an agreement with Yorkville Advisors to sell, at Virgin Orbit’s discretion, $250 million in company common stock at a 2.5 . . .
To view the entire article, become a subscriber!
