DEGAGNAC, France — Small satellite launch service provider Virgin Orbit is merging with NextGen Acquisition Corp. II and will trade on the Nasdaq market, promising investors that its revenue will grow 100 fold in four years.
Virgin Orbit, into which Richard Branson’s Virgin Group has already invested $1 billion, will have an enterprise value of $3.2 billion under the proposed transaction.
Virgin Orbit has conducted three consecutive successful launches. The company’s chief executive, Dan Hart, said the per-vehicle cost of . . .
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