Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Virgin Orbit carries out first night mission for US Space Force and Circle CEO says USDC stablecoin provider is in strongest position ever
Virgin Orbit carries out its first night mission for the US Space Force
Virgin Orbit (NASDAQ:VORB) has ticked off another milestone for its fledgling launch business, successfully carrying out its first night-time mission over the weekend and deploying satellites into low-Earth orbit. The flight is the first of three the company will carry out for the United States Space Force as it eyes international expansion of its operations.
Virgin Orbit finally commenced commercial operations last June following years of development and test flights. The company’s approach to satellite launches involves a modified 747 that takes off from conventional airport runways and releases a rocket called LauncherOne from high altitude. This rocket then fires up its own engines to carry on to orbit with the customer’s payload.
NextGen Acquisition Corp. II completed its combination with space venture Virgin Orbit in December 2021.
READCircle CEO Says USDC Stablecoin Provider Is in ‘Strongest Position’ Ever
JVSPAC (NASDAQ:JVSA) has entered into a definitive agreement to combine with Philippines hospitality firm Hotel101 at an equity value of about $2.3 billion. Hotel101 is a subsidiary of Manila-based budget hospitality brand of conglomerate DoubleDragon that is focused on providing standardized hotel rooms across its full network. The combined company is expected to begin trading...
SPAC deals have provided a variety of ways to try and ride the growth in the private aviation space. One of the most successful so far has been to approach it not through the aircraft or sales of flights, but as an infrastructure play. This week, we speak with Francisco Gonzalez, CFO of private hangar operator...
At the SPAC of Dawn The pace of votes has slowed as the calendar turns into the second week of April with three completion and extension votes each. Roth CH (NASDAQ:USCT) is also holding its vote to convert to a non-SPAC shell without a trust. This momentary slowdown isn’t necessarily a sign that the backlog...
Terms Tracker for the Week Ending April 5, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. There are slow weeks, and then there are s-l-o-w weeks. This past one being in the latter camp. However, next week promises to be a...
The financial press may not always jump at the chance to tell SPAC success stories and given that de-SPACs frequently have a period of post-close churn, the most recent deals tend to confirm the mainstream’s priors. But, given time to prove themselves to the market, a great deal of de-SPACs from the boom year of...