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Branson’s Virgin Orbit Seeks to Raise Up to $200 Million: DJ

Branson’s Virgin Orbit Seeks to Raise Up to $200 Million: DJ

Richard Branson’s satellite launch company, Virgin Orbit, mandated bankers to raise between $150 million and $200 million, which would give it a valuation of about $1 billion, Dow Jones reported, citing people familiar with the matter.

  • Seeks to raise funds as soon as end 2020; to be deployed toward capital expenditure and for satellite launches.
  • Virgin Orbit said in August it had appointed LionTree Advisors and Perella Weinberg Partners as bankers, according to report.

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