The Investor Sentiment - Equity and investments forum for Sri Lankans

Join the forum, it's quick and easy

The Investor Sentiment - Equity and investments forum for Sri Lankans
The Investor Sentiment - Equity and investments forum for Sri Lankans
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting
Search
Display results as :
Advanced Search
Latest topics
ExpolankaMon Aug 30, 2021 1:44 pmyellow knife
SL in ChartsFri Aug 20, 2021 7:53 amyellow knife
Top Foreign Trading Today Fri Jun 25, 2021 9:53 pmSAGA
Directors' Dealings Fri Jun 25, 2021 9:51 pmSAGA
AMF Historical Prices Thu Jun 24, 2021 2:01 pmSAGA
Browns Investments updateTue Feb 02, 2021 2:38 pmYin-Yang
ACL CablesWed Dec 30, 2020 7:22 pmsubash
Merry Christmas to AllTue Dec 29, 2020 4:53 pmchutiputha
Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Go down
කිත්සිරි ද සිල්වා
කිත්සිරි ද සිල්වා
Top contributor
Top contributor
Posts : 8945
Join date : 2014-02-23
Age : 63
Location : රජ්ගම

Branson Takes Another Company Public Empty Branson Takes Another Company Public

Tue Aug 24, 2021 5:36 pm
Virgin Orbit is going public with a market valuation of $3.7 billion. The satellite-launching company will be merging with a SPAC to join the Nasdaq.

The deal is expected to raise $483 million, along with a $100 million PIPE round from Boeing (BA +3.16%) and AE Industrial Partners.
Branson’s Virgin Group owns 80% of the company, with Mubadala Investment Co. owning a smaller stake.

Backstory. Sir Richard Branson created Virgin Orbit as a sort of spin-off from the infamous space-tourism company Virgin Galactic. Virgin Orbit has completed two successful space missions so far, with seven total satellites in orbit.

Forecast. Branson is very confident about the SPAC deal as well as the future of Virgin Orbit. The company expects to make close to $15 million in revenue by the end of this year and plans to grow substantially to $2.1 billion by 2026.

_________________
I am the wisest man alive, for I know one thing, and that is that I know nothing.
Socrates
Back to top
Permissions in this forum:
You cannot reply to topics in this forum