Virgin Orbit to investors: Revenue will increase 100X by 2025, to $1.55B; we’re lowest-cost smallsat launcher per kg

by Peter B. de Selding

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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