Virgin Orbit Could Sell Up To $250M In Shares To Sustain Ops

Nasdaq
LauncherOne on display in New York as Virgin Orbit shares began trading on the Nasdaq at the end of 2021.
Credit: Virgin Orbit
Virgin Orbit, the newly public satellite launch provider, saw revenue halve and its net loss double in the first quarter of 2022. The company, which offers air-launches using a Boeing 747, further disclosed it could sell up to $250 million worth of newly issued shares as it works to remain a going...
Michael Bruno

Based in Washington, Michael Bruno is Aviation Week Network’s Executive Editor for Business. He oversees coverage of aviation, aerospace and defense businesses, supply chains and related issues.

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