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Richard Branson’s Virgin Orbit is going public: stock will trade on Nasdaq after SPAC deal

Sir Richard Branson‘s Virgin Orbit is getting ready to blast off—to Wall Street.

The self-described “responsive launch and space solutions company” is going public, thanks to a merger with a special purpose acquisition company, aka SPAC, called NextGen Acquisition Corp. II.

The deal is worth $3.2 billion, according to this morning’s announcement.

The Long Beach, California-based company will retain its name and be listed on the Nasdaq under the ticker symbol VORB.

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