Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

VIRGIN GALACTIC HOLDINGS, INC.

(SPCE)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Virgin Galactic : Richard Branson to take satellites firm public in $3bn Spac listing

06/13/2021 | 04:51am EDT

Sir Richard Branson is in talks to take his satellite launch firm public through a $3bn (£2.1bn) blank-cheque deal.

The tycoon is finalising a deal to merge Virgin Orbit with NextGen Acquisition II, a special purpose acquisition company (Spac) set up by former Goldman Sachs banker George Mattson, Sky News reported.

Branson’s Virgin Group empire owns 80 per cent of the low earth orbit satellite business. Mubadala, the Abu Dhabi sovereign fund, owns the remaining shares.

The $3bn deal could be announced in the coming weeks, insiders said.

A listing would mark a major step forward in Branson’s efforts to expand his business empire into the rapidly growing space sector.

It would also mark the British billionaire’s latest blank-cheque deal amid a Spac frenzy on Wall Street.

In 2019 he merged his space tourism firm Virgin Galactic with blank-cheque firm Social Capital Hedosophia.

Virgin Orbit has reportedly been seeking a Spac deal for several months and has held talks with multiple prospective partners.

Mattson is a director of Virgin Galactic and was also a director of Delta Air Lines for almost nine years.

He was previously a partner at Goldman Sachs, working with clients in the general industrials sector for a decade.

The post Richard Branson to take satellites firm public in $3bn Spac listing appeared first on CityAM.

© City AM, source Newspaper

All news about VIRGIN GALACTIC HOLDINGS, INC.
07/27CREDIT SUISSE : investment bank set for Archegos aftershocks
RE
07/23Former Virgin Galactic CEO to fly to space - CNBC
RE
07/23Former Virgin Galactic CEO to fly to space - CNBC
RE
07/23THE LAW OFFICES OF FRANK R. CRUZ : Reminds Investors of Looming Deadline in the ..
BU
07/23SCREENSHOT : Have Bezos and Branson ushered in a new era of space tourism?
AQ
07/20Wall Street rallies on renewed economic optimism
RE
07/20AMAZON COM : boss Jeff Bezos completes Blue Origin space flight
AQ
07/20WATCH LIVE : Blue Origin's Jeff Bezos, 3 crewmates to head into space
AQ
07/19VIRGIN GALACTIC : The Gross Law Firm
AQ
07/19US Stocks Start Week Sharply Lower as COVID-19 Cases Surge
MT
More news
Financials (USD)
Sales 2021 2,45 M - -
Net income 2021 -336 M - -
Net cash 2021 428 M - -
P/E ratio 2021 -22,7x
Yield 2021 -
Capitalization 7 675 M 7 675 M -
EV / Sales 2021 2 957x
EV / Sales 2022 134x
Nbr of Employees 823
Free-Float 68,9%
Chart VIRGIN GALACTIC HOLDINGS, INC.
Duration : Period :
Virgin Galactic Holdings, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends VIRGIN GALACTIC HOLDINGS, INC.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 31,87 $
Average target price 37,64 $
Spread / Average Target 18,1%
EPS Revisions
Managers and Directors
Michael Colglazier President, Chief Executive Officer & Director
Douglas T. Ahrens Chief Financial Officer, Treasurer & Executive VP
Chamath Palihapitiya Chairman
Steve Justice Vice President-Engineering
Alistair Burns Chief Information Officer
Sector and Competitors
1st jan.Capi. (M$)
VIRGIN GALACTIC HOLDINGS, INC.34.30%7 222
THE BOEING COMPANY5.80%132 752
RAYTHEON TECHNOLOGIES CORPORATION21.59%130 354
AIRBUS SE28.87%107 847
LOCKHEED MARTIN CORPORATION4.70%102 922
NORTHROP GRUMMAN CORPORATION19.13%58 123