Richard Branson's satellite-launching company Virgin Orbit to go public
CNN
Virgin Orbit, the Richard Branson-backed startup that launches small satellites into space, will make its stock market debut later this year, adding another name to the long list of space-focused companies to go public via reverse merger.
The deal, expected to close in the last three months of 2021, will value Virgin Orbit at $3.2 billion and list the company on the NASDAQ under the ticker VORB. Virgin Orbit is a separate entity from Virgin Galactic (SPCE), the other space-focused Branson company, which specializes in suborbital space tourism and last month flew Branson himself up for a brief trip to the edge of space. Virgin Orbit spun off from Virgin Galactic in 2017, and the latter company went public via its own SPAC deal in 2019.
The Jeep Gladiator was unveiled to great fanfare by then-owner Fiat Chrysler in 2018, the first pickup model for the hot brand in more than a quarter of a century. And at first it seemed like it might live up to the hype.
In between his posts on Truth Social announcing nominees for his incomingadministration, President-elect Donald Trump urged Republicans Wednesday to nix a bipartisan bill that would give journalists greater protections under federal law.
A coffee shop in Middleborough, Massachusetts, went viral overnight for offering free coffee to customers who entered the shop while dancing.
President-elect Donald Trump’s promise to further restrict immigration and roll out “mass deportations” has not been finalized, but the specter of looming policy changes is already reverberating throughout the US job market.
A recent lawsuit alleges Linda McMahon, who President-elect Donald Trump tapped to lead the Department of Education, knowingly enabled the sexual exploitation of children by a World Wrestling Entertainment (WWE) employee as early as the 1980s — allegations she denies.
Months into President Donald Trump’s first term in the White House, his Justice Department sent shockwaves through the media industry by suing to block AT&T’s takeover of CNN owner Timer Warner.
Social Security is by far one of the most popular government programs in the United States because it is critical for so many retirees’ financial security.
The US government formally proposed a partial breakup of Google on Wednesday, urging a federal judge to force a sale of the company’s Chrome web browser after a landmark ruling this year finding that Google had violated US antitrust law with its search business.
Indian billionaire Gautam Adani and other executives were indicted in New York for roles in a multi-billion-dollar fraud scheme, the US Department of Justice said Wednesday.
Europe could soon be welcoming a wave of well-heeled Americans, as Democratic voters facing the prospect of another Donald Trump presidency eye refuges abroad.
Comcast just jump-started a new season of major change across the television industry. And no one quite knows what will happen next.