NextGen Acquisition Corp. II
NASDAQCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Patrick T. Ford
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 2255 Glades Road Boca Raton FL United States of America 33431
- IPO Date
- May 13, 2021
- CIK
- 0001843388
- Website
- nextgenacq.com
- Similar Companies
- Business
- NextGen Acquisition Corp. II, incorporated in 2020 and headquartered in Boca Raton, Florida, is a blank check company primarily engaged in effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or related business combinations with one or more businesses. The company does not manufacture or sell products directly but serves as a special purpose acquisition company (SPAC) in the financial and investment industry. Its core business activity revolves around identifying and acquiring private companies to bring them public through a business combination. A major recent development for NextGen Acquisition Corp. II occurred in December 2021, when it closed a business combination with Vieco USA, Inc., the parent company of Virgin Orbit Holdings, Inc. Following this transaction, NextGen Acquisition Corp. II changed its name to Virgin Orbit Holdings, Inc. This transformative merger transitioned the company from a SPAC into an operating business focused on space technology, particularly satellite launch services. Virgin Orbit operates launcher systems that deliver small satellites into orbit, servicing government and commercial clients including NASA, the U.S. Department of Defense, and international customers. The merger has allowed Virgin Orbit to access public markets for capital raising to scale rocket manufacturing and expand its space solutions product offerings globally, including multi-launch agreements and geographic expansion such as launch operations planned in the United Kingdom. NextGen Acquisition Corp. II initially targeted technology-related sectors for acquisition and leveraged its management team with backgrounds in investment banking and private equity. The company's strategic pivot through the Virgin Orbit merger reflects a shift to aerospace and space launch services. The combined entity now focuses on the development and commercialization of air-launched orbital rockets, launch services for small satellites, and associated space technologies, expanding its footprint across North America, Europe, and Asia. The company's latest strategic moves include signing multiple launch contracts and partnership arrangements to support emerging satellite constellations and space infrastructure projects globally. This transaction and transition represent the most significant operational and business shift since NextGen’s founding, marking its evolution from a SPAC to a publicly listed aerospace company.
NextGen Acquisition Corp. II Announces Closing of Business Combination With Virgin Orbit
NextGen Acquisition Corp. II Stockholders Approve Business Combination With Virgin Orbit, the Responsive Launch and Space Solutions Company; Virgin Orbit Expected to List on the NASDAQ Stock Exchange
Virgin Group Announces, With Support of NextGen’s Sponsor, the Intent to Purchase up to $100 Million of Virgin Orbit Common Stock in Additional PIPE Investment
Building Towards Third Commercial Launch, Virgin Orbit Completes Final Launch Rehearsal
Virgin Orbit and Arqit Expand Launch Agreements
Virgin Orbit Announces New Partnership With Maritime Intelligence Firm Horizon Technologies
Virgin Orbit Expands Space Solutions Business With Hypersat Investment
Virgin Orbit Joins Water Tower Research in Fireside Chat
SatRevolution Secures Series B Funding from Virgin Orbit
Spire Global, Inc. Selects Virgin Orbit for Late-Load Addition to Next Flight in Record Time
Virgin Orbit Registration Statement Related to Business Combination With NextGen Acquisition Corp. II Declared Effective by SEC
Virgin Orbit and NextGen Announce Director Nominees to Virgin Orbit Board of Directors
Should You Invest In The Space Race—And How?
Responsive Satellite Servicing and Sustainable Space Launches Get a Boost Through Astroscale, Virgin Orbit Partnership
Revolution Investing: Now that Tesla's shares have gone ballistic, it's time to find other ‘multi-bagger' companies — space is the place
CORRECTING and REPLACING Virgin Orbit’s LauncherOne Begins Pre-flight Prep Before Its End of Year Flight
New Agreement Between Virgin Orbit and ANA HOLDINGS Sets the Stage for Twenty LauncherOne Flights From Japan
Should You Invest in the Virgin Orbit SPAC?
Branson's Virgin Orbit to go public in US$3.2bn Boeing-backed SPAC merger
Branson's Virgin Orbit to go public in $3.2bn Boeing-backed SPAC merger