Astra, now a public company, ran into a problem during its first commercial launch (the mission carried a test payload contracted by the U.S. Space Force as part of its Space Test Program) that meant the rocket never made it to orbit. On Saturday, the rocket ignited all its engines at liftoff time on the […]
Virgin Orbit to go public via $3.2B SPAC deal
Virgin Orbit is set to go public via a merger with a special purpose acquisitions company (SPAC), the company has confirmed. The deal values the combined enterprise at $3.2 billion, and will provide Virgin Orbit with $483 million in cash at close, including a $100 million PIPE. The combined company will trade under the ticker […]