MorningBrew: Virgin Orbit announced a $3.2 billion SPAC—here’s what it means

Richard Branson announced on Monday that his satellite launching venture, Virgin Orbit, will SPAC at a $3.2 billion valuation. The $9 billion launch services industry is predicted to grow to $17 billion in the next decade, according to Northern Sky Research, so expect to see more players entering the space…but also expect them to face.

Written by Sarah Halpin on September 1, 2021