Richard Branson in Talks to Merge Virgin Orbit with NextGen Acquisition Corp. II (NGCA) - Sky

June 14, 2021 6:26 AM EDT

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Richard Branson is in advanced talks about a merger to take Virgin Orbit, his satellite launch company, on to the U.S. public markets, according to Sky News, citing sources.

Virgin Orbit is close to finalizing a deal to combine with SPAC, NextGen Acquisition Corp. II (NASDAQ: NGCA).

A deal valuing Virgin Orbit at about $3 billion could be announced in the coming weeks.

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