PARIS, 15 DECEMBER 2021 (Virgin Orbit PR) – Virgin Orbit, the responsive launch and space solutions company that has announced a planned business combination with NextGen Acquisition Corp. II (“NextGen”) (NASDAQ: NGCA), announced today an agreement to acquire a 17.5% stake in geospatial analytics company Hypersat LLC (“Hypersat”).
This investment will further expand Virgin Orbit’s space solutions business by providing highly accurate electro-optic and hyperspectral imagery capabilities, which can provide vital information to customers in the agriculture, defense, energy, insurance, and minerals industries, among others. The investment by Virgin Orbit is part of the company’s strategy to leverage the relationships with its satellite launch customers and space solutions end users. As part of that strategy, Virgin Orbit has previously announced investments in ArQit Quantum, SatRevolution, and Sky and Space Global.(more…)
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