WSJ News Exclusive | Boeing Plans Investment in Virgin Orbit’s $3.2 Billion SPAC Listing

Boeing Co. has committed to invest in Richard Branson’s Virgin Orbit as part of the satellite-launching startup’s planned $3.2 billion SPAC listing later this year, according to a person familiar with the matter.on the Nasdaq stock market by merging with NextGen Acquisition Corp., a special-purpose acquisition company run by former Goldman Sachs banker George Mattson, according to this person.

Boeing’s planned investment, not previously reported, is intended to be made through a SPAC-related fundraising round called a private investment in public equity, or PIPE. That fundraising has garnered a total of $100 million in commitments, this person said. It isn’t clear how much of that Boeing has committed or whether Boeing will be investing directly or through a partnership with another fund. Boeing didn’t immediately return requests for comment made early Monday.

Private-equity fund AE Industrial Partners LP will also invest in this PIPE, according to the person familiar with the matter. Boeing said earlier this month that its venture-capital fund would partner with AE Industrial Partners in investments. AE Industrial Partners also didn’t immediately return a request for comment early Monday.To Read the Full Story

good luck

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

WSJ News Exclusive | Goldman Sachs-Backed Broadband Firm Nears Investment Deal With Abu Dhabi FundA group that includes Abu Dhabi’s sovereign-wealth fund is close to acquiring a minority stake in CityFibre in a deal that would value the U.K. fiber-optic-broadband provider at more than $2.7 billion. horrible I was impressed by the professionalism of Mr ponomereko121 From the moment of my first free consultation,to the moment I got my profit,he's trustworthy,reliable and understanding... ponomereko121
La source: WSJ - 🏆 98. / 63 Lire la suite »

Wall Street SPAC craze is over, rest of stock market could be hit nextOpinion | Wall Street just heard a record scratch — and it could be a sign that the party in the stock market is shutting down. By lopezlinette. lopezlinette You need a lot of good Business designs like this Then you can contact me: lopezlinette this is terrible news lopezlinette Obviously, the author has never traded spacs.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »