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NextGen Acquisition Corp. II has successfully completed its business combination with Vieco USA, Inc., the parent company of Virgin Orbit, effective December 28, 2021. Following stockholder approval, the company has rebranded itself as Virgin Orbit Holdings, Inc., with trading under the ticker symbols VORB and VORBW commencing on December 30, 2021. This transition marks a significant step in enhancing Virgin Orbit's operational capabilities in satellite launches. The company's leadership, including Richard Branson, aims to celebrate this milestone on January 7, 2022, by ringing the NASDAQ opening bell.
Virgin Orbit announced a planned merger with NextGen Acquisition Corp. II (NASDAQ: NGCA) and a potential
Virgin Orbit has successfully completed a wet dress rehearsal for its upcoming launch, which is set for January 12, 2022. This rehearsal involved a full run of procedures to ensure the system's health and readiness. The launch will carry satellites for the U.S. Department of Defense and other commercial entities. COO Tony Gingiss expressed confidence in the upcoming mission, highlighting the company's achievement of delivering 19 satellites in 2021. The mission will be livestreamed, showcasing Virgin Orbit's capabilities in the growing space launch market.
Virgin Orbit and Arqit Quantum have extended their collaboration, with Virgin Orbit licensing Arqit’s QuantumCloudTM service to enhance protection for its launch operations. Arqit will exclusively utilize Virgin Orbit for its launch needs linked to anticipated government contracts. Additionally, Virgin Orbit has invested
Virgin Orbit and Arqit Quantum have expanded their collaboration to enhance space-based encryption services for global defense and intelligence clients. Under the agreement, Arqit has secured exclusive launch contracts with Virgin Orbit for up to five launches from Spaceport Cornwall starting in 2023. Additionally, Virgin Orbit obtained a quantum cloud encryption license to secure its operations. The partnership aims to serve customers from the Five Eyes intelligence alliance with dedicated systems, leveraging Arqit's QuantumCloud technology.
Virgin Orbit has signed a partnership agreement with Horizon Technologies, designating Virgin as Horizon's preferred launch partner and confirming an equity investment. This collaboration aims to further Horizon's Maritime Domain Awareness (MDA) initiatives through the use of Virgin's LauncherOne system for at least five launches. Horizon, known for its airborne systems, will enhance its space-based marine intelligence capabilities by launching its AMBER™ CubeSats to monitor illegal activities at sea. This partnership aligns with Virgin's growth strategy in space solutions.
Virgin Orbit has announced a strategic acquisition of a 17.5% stake in Hypersat LLC, enhancing its capabilities in geospatial analytics. This investment aims to provide advanced electro-optic and hyperspectral imagery, valuable for agriculture, defense, and other industries. Virgin Orbit's Chief Strategy Officer highlighted this as a step to strengthen relationships with satellite launch customers. Hypersat is set to use Virgin Orbit as its launch platform for a six-satellite constellation, expanding Virgin's role in the space solutions market.
Virgin Orbit announced its participation in a fireside chat with analyst John Roy from Water Tower Research scheduled for December 20, 2021, at 11:00 am ET. This event follows Virgin Orbit's announced business combination with NextGen Acquisition Corp. II (NASDAQ: NGCA). The merger places Virgin Orbit on track to become publicly listed on NASDAQ under the symbol VORB. Founded by Richard Branson, Virgin Orbit offers flexible space launch services using its LauncherOne rockets, which are air-launched from a modified 747 aircraft.
SatRevolution has secured a $30 million Series B funding round led by Virgin Orbit, valuing the company at $150 million. The investment aims to enhance SatRev's business development in nanosatellite technologies. This partnership follows a previous collaboration that began in June, during which they launched two satellites and plan to launch two more soon. The duo intends to capture a significant share of the $140 billion global market for Earth observation services by leveraging SatRev's innovative technologies.
Virgin Orbit has received FAA approval for the late addition of Spire Global’s ADLER-1 satellite to its upcoming launch. The satellite, integrated in just 36 hours, will be part of the Above the Clouds mission scheduled for mid-December 2021 to mid-January 2022. ADLER-1 aims to study micro space debris in Low Earth Orbit, contributing to sustainability efforts in space. The swift integration highlights the agility of both teams and the effectiveness of Virgin Orbit's launch service.
