Virgin orbit – Jenam 2011 Mon, 10 Jan 2022 23:43:11 +0000 en-US hourly 1 Virgin orbit – Jenam 2011 32 32 The year ahead for the space industry: SpaceX’s Mars rocket, tourism and other billionaire battles Mon, 10 Jan 2022 20:12:00 +0000 Big companies are starting to permeate all areas of spaceflight, from the most spectacular private launches to the smallest details. A modified version of Amazon’s Alexa virtual assistant will even hitchhike on a future NASA trip around the moon. Other space missions chartered by the ultra-rich are on the agenda. Elon Musk’s SpaceX is also planning to put his colossal 400-foot-tall Starship rocket – destined to eventually reach Mars – into Earth orbit for the first time.

As in years past, federal regulators will be grappling with what their role can and should be in this new era.

Here’s a look at what to expect.

SpaceX, the child star of the commercial space age, was eager to launch a full-scale version of its Starship rocket on its first orbital test flight.

The launch would be crucial. Starship promises to surpass any rocket ever built, including the Saturn V rockets that took astronauts to the moon in the last century.

(NASA is also launching its own new rocket this year – a test mission for the upcoming lunar landing called Artemis 1 – which will use a different rocket that also promises to outperform the Saturn V.)

After a few high-altitude test launches in the first half of 2021 of the upper spacecraft, the company has assembled its first full-scale Starship rocket – with a gargantuan rocket thruster that promises to propel the spacecraft into orbit.

Musk had indicated that the company was ready to take off this test flight as early as July of last year.
But the second half of 2021 was full of hang-ups. The Federal Aviation Administration, which authorizes commercial rocket launches, was conducting an environmental assessment to examine the impact of launching such a massive rocket from part of rural Texas. A public comment period in October brought out the voices of many residents strongly opposed to the ideaas good as some fervent supporters who weren’t necessarily from the area.
Public comment participants were allowed to connect from anywhere. And while most people spoke in favor of letting the project go ahead, people who identified themselves as living near the SpaceX launch site in South Texas were mostly opposed, according to one. pointing run by Joey Roulette, then reporter at The Verge.

Although SpaceX initially planned to get the green light by the end of 2021, according to the FAA, the EA will continue until at least February 28, 2022.

The agency cited “High volume of comments submitted” and “discussions and consultation efforts with consulted parties” as reasons for the delay.

Orbital tourism and astronaut launches

With its Starship program in limbo, SpaceX has kept its astronaut launches, conducted in partnership with NASA, roughly on schedule.
And there is more to come. Astronauts who flew to the International Space Station aboard a SpaceX Dragon capsule are expected to return in April, with a new crew of four are expected to be launched aboard their own Dragon capsule to replace them in the same month.
With the blessing of NASA, SpaceX is also free to sell Dragon flights to anyone who can afford it. The company plans to do just that, following its Inspiration-4 2021 mission with a four-person mission chartered by Houston-based startup Axiom that will take three businessmen and a former astronaut to the International Space Station.
How practicing religion might be a big question for some space tourists
Plans for other SpaceX tourist flights in orbit are also in the works, although firm plans and launch dates have not been locked.

The opportunities for hitchhiking in orbit could also expand this year if Boeing brings its Starliner spacecraft into service.

Boeing has been hired alongside SpaceX to develop a crew-worthy spacecraft capable of transporting professional astronauts to the ISS and, if the company so chooses, well-heeled tourists. But Boeing has been besieged by numerous test and development blockages. Starliner was recently pulled from the launch pad after issues with its propulsion system were discovered shortly before a scheduled test flight of the vehicle. The company now says that the first unmanned test launch can take off is May 2022.

Branson, Bezos and suborbital space tourism

The space companies of Richard Branson and Jeff Bezos have worked for years to develop spacecraft capable of taking paying customers on short supersonic trips to the edge of space. In 2021, the two billionaires made their own journeys to the edge of space aboard their respective spacecraft.

Their two flights ended with no apparent problem, with the men exiting their spaceship outfitted in custom flight suits and beaming for the cameras.

Bezos’ successful launch in July catapulted the company into a busy rest of the year, spent flying high profile personalities as “guests of honor,” meaning they didn’t. not had to pay for the tickets. 2022 promises to bring even more activity to the space tourism company, called Blue Origin, although the company has yet to announce any flight or passenger dates for the coming year.
There is a long history of unsuccessful attempts to send American journalists into space. Now Michael Strahan is going
But Virgin Galactic faces significant delays. A report from New Yorker revealed that the warning lights in the cockpit went out during Branson’s flight and the spacecraft had traveled outside of its designated airspace for 41 seconds. The Federal Aviation Administration has grounded all flights pending a review, which concluded in september and gave the green light to Virgin Galactic. Still, the company is delaying the start of commercial services until at least the third quarter of 2022, citing unrelated technology upgrades.

Work problems are already arising

Blue Origin, meanwhile, has faced its own controversies, though none have indicated specific safety issues with its rocket or spacecraft.

Rather, a group of 21 current and former employees co-signed a letter alleging that the company operates a toxic work environment where “professional dissent” is “actively suppressed.” Blue Origin responded to the allegations saying it had “no tolerance for discrimination or harassment of any kind”.
The trial has raised enough concern that the FAA is launching a review. But CNN Business reports also revealed that FAA investigators assigned to the task were crippled by a lack of legal protection for whistleblowers in the commercial space flight industry.
Emails obtained by CNN Business showed the review was closed even though investigators never had a chance to speak with the people who anonymously signed the whistleblower’s essay.
The situation has once again highlighted the complexity of the federally designated “learning period” of the commercial space industry – a designation that prohibits regulators from implementing certain new rules or exercising the same supervisory powers as it does for other industries.
FAA says lack of federal whistleblower protections is a

That designation is set to expire in 2023, and the FAA has indicated lawmakers are monitoring the situation and considering a change. This could also soon be the subject of a report by the Government Accountability Office. Emails obtained by CNN Business show that the GAO has contacted the FAA for more information on its Blue Origin probe.

Meanwhile, allegations about Blue Origin’s workplace culture – which have been echoed in another whistleblower essay on SpaceX – put the commercial space industry under close scrutiny.

A great void cluttered and empty

Similar questions about how to regulate outer space in the age of commercialization arise on the international stage. With SpaceX and others setting up thousands of satellites for new space ventures, and a recent satellite destruction test carried out by the Russian government – Concerns about overpopulation in Earth orbit are growing.
There have been numerous recent and high-profile events highlighting the stakes of the problem: SpaceX Starlink satellites nearly collided with the Chinese space station, the International Space Station had to maneuver out of the path of the debris to numerous revivals and dead rockets fell out of orbit uncontrolled.
Groups within the United Nations have worked for decades to update international treaties governing the use of outer space. So far, they have been largely unsuccessful. But the effort is once again gaining attention with a November 1 resolution that created an open-ended working group that will assess “current and future threats to space operations, determine when behavior can be considered irresponsible, “will make recommendations on possible standards, rules and principles of responsible behavior”, and contribute to the negotiation of legally binding instruments; – including a treaty to prevent “an arms race in space” “, according to a recently published article written by two experts in space policy.

PSPC boom did not guarantee winners Sat, 08 Jan 2022 14:12:35 +0000

Not all companies are fit to go public through PSPC, despite so many of them are.

Why is this important: While SPACs were quickly touted as a faster and better way for companies to go public, in the end, not all companies that have chosen this path are meeting investor expectations.

The big picture: Nearly 200 companies have merged with listed PSPCs in the United States since the start of 2021, across industries including software, biotechnology, electric vehicles and sports betting.

By the numbers: “For the 262 PSPC mergers that were completed in 2020 and 2021, the average share price at December 31, 2021 was $ 8.70, which is significantly lower than the average price of over $ 10 per share at which the shares were trading at the time of the merger, ”says Jay Ritter, a professor at the Warrington College of Business at the University of Florida, who used data from SPAC Research.

  • Only a quarter (65 of 262) traded above $ 10, although some were above $ 35 per share (eg, Heliogen, Virgin Orbit, and CompoSecure).
  • “The average decline in stock prices during the post-merger period (‘deSPAC’) for the 2020-2021 cohorts is remarkable, given that the stock market ended 2021 near an all-time high,” Ritter adds.
  • According to a Wolfe Research report published in late November, mergers in the past three months have had better returns (-2%) 30 days after the merger compared to the 2020 (-11%) and 2021 (-8%) cohorts.
  • When comparing mergers with “experienced” and “inexperienced” PSPC sponsors at 30 days after the merger for the 2019-2021 cohort, the experienced group showed higher returns (-6%) compared to non-experienced (-10%). The same goes for 7, 90, 180 and even 365 days after the merger, the report notes.
  • To note: While the median returns are almost all negative, we still find that the “experienced” group is doing better (and even reaching + 3% per annum after the merger).

Between the lines: According to Wolfe Research, whether the sponsor of PSPC had expertise in the expertise of the target company is one of the strongest indicators of post-merger performance.

  • For example, financial technology firm SoFi, which merged with Social Capital Hedosophia Holdings Corp. V (classified as an “experienced” PSPC operator by Wolfe), saw its share price appreciate after the merger was finalized. PSPC’s stock also reacted favorably to the merger announcement and had virtually no repurchases. It continues to trade above $ 10.
  • Likewise, companies merging with PSPCs managed by leading underwriters also outperformed, according to a work document by Minmo Gahng, Jay Ritter and Donghang Zhang.
  • Overall, the researchers’ findings reinforce the common refrain throughout this boom that an elite group of sponsors and target companies will emerge and continue to do well.

What to watch: Whether the rush for PSPC continues, or if more companies go IPOs or stay private.

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ICYMI: summary of the news of the space industry during the holidays Thu, 06 Jan 2022 21:14:32 +0000

Satellite archive photo

As the New Year kicks off and many return from a vacation break, here’s a quick recap of the news you might have missed. Via satellite over the past two weeks.

DIFI and DIS standardization groups join forces to make open standards a reality

Two separate groups that have worked on open standards in ground-based satellite technology are meeting. the Digital IF Interoperability Consortium (DIFI) and the Digital Interface Standards Working Group (DIS) jointly announced on December 22 that DIFI would unite the seven members of DIS into the consortium. The group is working on the extension and adaptation of an interoperable digital interface / radio frequency (IF / RF) standard based on the digital radio standard VITA 49.2.

NASA and Rocket Lab Clear Path for Electron Launch from Virginia in 2022

Nasa is on track to complete certification of the combat security software that will be used at the Wallops flight facility by the end of February. This paves the way for a Rocket lab launch of Wallops in the near future. Rocket Lab has worked with NASA and will use the software. NASA and Rocket Lab both expect Electron to launch from Virginia in 2022, a milestone that has been delayed.

Hughes forms joint venture with Bharti Airtel for satellite broadband in India

Hughes Network Systems formed a joint venture with Bharti Airtel (Airtel) to provide broadband satellite services in India. HCIPL will combine the Very Small Aperture Terminal (VSAT) activities of the two companies. This is the completion of a joint venture first announced in May 2019. In addition, Hughes and OneWeb already have a memorandum of understanding in place for Hughes to distribute OneWeb capacity in India via HCIPL.

Shareholders Approve Virgin Orbit SPAC Merger

Virgin orbit is now a publicly traded company after the shareholders of NextGen Acquisition Corp. II approved the Special Purpose Acquisition Company (SPAC) merger on December 28. The launcher is doing away with gross proceeds of around $ 228 million, significantly less than the $ 483 million Virgin Orbit had planned to withdraw. This indicates a large number of shareholder buybacks from PSPC. Virgin Orbit stock is down about 40% since trading began this week.

Relativity Space Appeals to Microsoft Vice President for New Software Engineer Role

Relativity space hired its senior vice president of software engineering, bringing in Scott Van Vliet, former Microsoft vice president of the company for the role. The company said it was a significant investment in the future of its software-driven manufacturing platform. “Our mission is to create an entirely new technology stack for aerospace manufacturing,” said CEO Tim Ellis.

OneWeb’s final launch in 2021 brings Constellation to 394 satellites

OneWeb closed 2021 with its 12th satellite launch on Monday, December 27. The launch of Arianespace brought the OneWeb constellation to 394 satellites, or 60% of its total size. This was the eighth launch of OneWeb in 2021, all Arianespace missions.

Main satellite launches to watch for in 2022

This is expected to be a significant year for satellite launches as a number of major satellite operators launch satellites which mark the culmination of multi-year business and investment plans. Take a look at our roundup of the main satellite launches we’ll be monitoring and covering in 2022.

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How we adapted Newquay Airport to Air Force One Wed, 05 Jan 2022 06:20:38 +0000
Andy Clarke, Director of Integrated Transportation

Andy Clarke, Director of Integrated Transportation | Costain

Everything went off without a hitch, but the logistics of bringing world leaders together in Cornwall for the G7 summit in June 2021 did not come about on their own, but with Costain’s expertise. Here’s how we made Newquay Airport fit for a president and Joe Biden’s arrival.

Just eight weeks before world heads of state were due in the UK for the G7 summit, Costain’s combined expertise in advising and delivering complex programs was called upon to ensure the arrival smooth ride from Air Force One and US President VVIP Passengers Joe Biden at Newquay Airport in Cornwall on June 11, 2021.

In partnership with the Cornwall Council, Foreign & Commonwealth Development Office and the Cabinet Office, Costain carried out operational planning and infrastructure upgrades at the airport to accommodate the famous US Air Force aircraft and others world leaders at the three-day summit.

Delegations from the United Kingdom, Germany, France, Canada, Italy, Japan, South Korea, South Africa, Australia, the Commission and the Council of the EU met also traveled to Newquay to discuss global issues at the event which brought many investments to the country and helped support the UK’s economic recovery.

Costain’s main role was to oversee major site improvement works, to initiate them, the team undertook the Civilian Design Review providing assurance on the design and assessing the risks to the program.

To speed up and ensure the program, the Costain team has developed a holistic schedule linking all infrastructure activities to operational and event requirements such as logistics planning, press management, security checks and accommodation. a 70-foot rocket from Virgin Orbit. This integrated plan was vital to the success of the operation and brought together multiple delivery partners.

Air Force One departs 2021 G7 Summit in Cornwall

Close cooperation with the armed forces, the police and the airport was essential to the success of the operation. The Costain team coordinated tabletop simulation exercises to test flight logistics plans and supported security services with search areas and road closure plans.

Working alongside UK Prime Minister Boris Johnson’s press team at number 10, Costain has helped identify the best locations for planes to park and unload with media around the world.

Delivery during the COVID-19 pandemic has created additional challenges with several agencies, businesses and ministries involved in planning for G7 arrivals and departures. Effective communication was essential to ensure everyone was involved and informed to enable a positive outcome.

By working collaboratively and using their relationships and expertise, the integrated team was able to procure concrete during a national shortage, without which the construction of new aircraft parking stands and the rehabilitation of disused taxiways would not have been necessary. not been completed. The team also thought creatively and alongside building the previously agreed-upon runway, they also helped conceptualize and bring to life additional temporary boarding lounges, a new office and accommodation block, and facilities. shoulders of hydro-seeded grass, all within a very short time.

“A representative of the G7 Presidency Working Group in the Cabinet Office said:“ Project management, advice and delivery allowed us to focus on other sites in the lead up to the G7. Within two weeks of Costain joining the team, everything was under control at the airport, giving us confidence that the job would be done. “

The Costain team fully aligned the project with G7 operational requirements, which included ensuring the quality and on-time delivery of new drainage, installing new airfield lighting and borrowing 166 items. Ground Support Equipment (GSE).

“The G7 was a huge success, and it went off without incident, without incident. It wouldn’t have happened without Costain and the professionalism that the entire team demonstrated, ”said Nigel Blackler, Director of Infrastructure at Cornwall Council.

To learn more about Costain, see the following links:

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There is a new tax rule for US small business owners. What to do with it? | small american business Sun, 02 Jan 2022 11:20:23 +0000

A new tax rule will impact millions of small businesses in 2022. You can thank a small change buried in the American Rescue Plan Act of 2021.

Suppose you are a small business owner or self-employed and get paid by a digital payment service like Pay Pal, Venmo, Zelle, App Cash or any third-party settlement provider that accepts credit cards on your behalf and deposits money into your bank account. If these payments were for goods and services that you sold to customers, it was previously your responsibility to ensure that you report this income on your tax return. But now, from 2022, if you receive more than $ 600 in total during the year, regardless of the number of customers who pay, your payment service is required to report that amount to the IRS.

Let’s be clear: you should report these amounts as income anyway. But the reality is that there are 30 million small businesses, freelancers, sole traders, and independent contractors in the United States and – if my customer base is any indication – many of them receiving a number of small payments from many. customers throughout the year can, well, forget about it. Especially if – as is often the case – there are a lot of small transactions or their record keeping is poor. But no worries! The IRS will now be able to find out what you earned anyway.

This means that if you sell products or services on Amazon, Etsy, eBay or at craft shows or just face to face, you can now expect to receive a Form 1099-K – after January 31, 2023 – payment services. that you are using income that they reported on your behalf to the IRS for purchases of goods and services made in 2022. How do those services know that the purchases were made for goods and services and not just a payment from a friend or family member? Most of them add an additional form during the payment process for the payer to identify the nature of the payment.

You can also expect more questions this year from your payment service provider. “You may notice that in the coming months, we will ask you for your tax information, such as a social security number or tax identification number, if you have not already provided it to us, in order to continue using your account to accept payments for the transactions of the sale of goods and services and to ensure that there are no problems when these changes take effect in 2022 ”, warns PayPal in a blog post.

This helps us meet our obligations to the IRS and ensures that you can continue to use your account and access PayPal and Venmo features and services.

There will be some overlap. For example, if you are an independent contractor working for a company and you receive more than $ 600 through a payment service, you will likely get both a 1099-MISC from that company and a 1099-K from the payment service. In this situation, you would use the amount on the 1099-MISC and, assuming there are no other amounts from the payment service, you would ignore the 1099-K.


So what will the government do with this information? Nothing bad, I’m sure. They just want to know more about you and your business, that’s it! According to to the IRS the data collected will only be used for “taxpayer education and awareness products and services” as well as “new approaches to review and collection”. Translation: if you don’t declare the correct amount, we’ll get you!

“For the 2022 tax year, you should take the amounts shown on your 1099-K into account when calculating gross receipts for your tax return,” PayPal warns. “The IRS will be able to cross-reference both our report and yours.”

Happy New Year everyone !

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Space Activity Review: Special Edition – Top Ten Space Business Stories of 2021. Fri, 31 Dec 2021 10:56:43 +0000

# 1 Space spaces

At least thirteen space companies are announcing or concluding merger transactions with ad hoc acquisition companies in order to become listed on the stock exchange, producing a collective valuation of around $ 26 billion: Arqit, AST SpaceMobile, Astra, BlackSky, Momentus, Planet, Redwire, Rocket Lab, Satellogic, Spire, Terran Orbital, Tomorrow and Virgin Orbit.

# 2 FSS in transition

Evolving Industry Causing Significant Shifts in Fixed Satellite Services Segment: Telesat Moves Forward with its Lightspeed LEO Broadband Constellation, Raising Additional Capital Through Merger with Loral and Public Listing on the Stock Exchange of Toronto and Nasdaq; Eutelsat reaffirms its commitment to OneWeb through investments totaling $ 715 million; Viasat Acquires Inmarsat in Successful $ 7.3 Billion Combination; Intelsat emerges from Chapter 11, both he and Eutelsat see a change of guard at the top; Regional operators ABS, Arabsat, AsiaSat, Avanti, Es’hailSat, Hispasat, Spacecom and Yahsat face growing challenges to remain competitive.

# 3 victorious VC

A record year for venture capital investments in space startups, notably: ABL Space Systems, Accion Systems, Albedo Space, Atranis, Astroscale, Axelspace, Axiom, Firefly, Fleet Space Technologies, GHGSat, HawkEye 360, Hiber, Hydrosat, HySpecIQ, ICEYE, Inversion Space, Isar Aerospace, Isotropic Systems, Ispace, Kepler Communications, LeoLabs, Loft Orbital, Mangata, Mynaric, Omnispace, Orbital Sidekick, Relativity Space, Sierra Space, Stoke Space Technologies, Totum Labs, Unseenlabs and Ursa Major.

# 4 Fly Me to the Moon space tourism

SpaceX performs a successful test flight and landing of its Starship vehicle, and separately, launches four passengers into space on the Inspiration-4 mission using its Falcon 9 vehicle and Dragon capsule, marking the first crewed orbital mission without professional astronauts; Virgin Galactic makes its first operational tourist flight with Sir Richard Branson and three others; Blue Origin performs its first crewed space flight with the launch of Jeff Bezos and three others and two more crewed missions, each time with its New Shepard spacecraft; and Axiom receives clearance for its first private crewed mission to the International Space Station, scheduled for Q1 2022 using SpaceX’s Dragon capsule.

# 5 Consolidation events

Consolidation in thriving space sector: Astra buys Apollo Fusion; BAE Systems acquires space missions; Marlink acquires ITC Global; OneWeb buys Trustcomm; Planet acquires VanderSat; Redwire adds deployable space; Raytheon buys SEAKR; Rocket Lab acquires Advanced Solutions, Planetary Systems and SolAero; SpaceX buys Swarm; Spire adds exactEarth; Viasat acquires Inmarsat; Voyager Space acquires The Launch Company.

# 6 Constellation

SpaceX’s Starlink and OneWeb system advance in deployment, Amazon’s Kuiper and Telesat’s Lightspeed advance in development, and Boeing obtains FCC approval for its V-Band system, while new players Astra, Mangata and Totum join the growing field of constellation operators.

# 7 Group C stimulates growth

FCC C-Band Auction Raises Record $ 81 Billion, Boosting Growth in Space Industry and Communications Sectors; Intelsat and SES get a total of $ 2 billion in upfront incentive payments by releasing C-band before the FCC Phase I deadline.

# 8 Space and climate change

A growing number of space companies are supporting efforts to tackle climate change through environmental monitoring, data collection and analysis using satellite systems.

# 9 Key missions for commercial launch 2021

Arianespace Ariane 5: Star One D2, EUTELSAT QUANTUM, SES-17; Arianespace Soyuz: 284 OneWeb satellites, Galileo FOC-M9 (23-24); Arianespace Vega: Pliades Neo 3 & 4, BRO-4; ISRO PSLV: Amaznia 1; Long March 3B: Tiantong 103, Fengyun 4B, Zhongxing 9B, Shijian 21; March 6 long: Qilu 1 & 4, KL-Beta A & B, SDGSAT 1; MHI H-2A: Inmarsat-6 F1; Proton: Express AMU3 and AMU7; Soyuz: CAS500 1, ELSA-d; Rocket Lab Electron: Pathstone, Centauri 3, Myriota 7, Veery Hatchling, BlackSky Gen-2; SpaceX Falcon 9: Trksat 5A & 5B, Transporter 1 & 2, Tyvak-0130, SXM-8, 16 Starlink missions; Virgin Orbit LauncherOne: 2 SatRevolution satellites.

# 10 notable commercial satellite orders in 2021

Airbus: 2 OneSat, Superbird-9, EUTELSAT 36D satellites; Maxar: SX-9 & -10; Thales Alenia Space: HTS 113BT, selected by Telesat as prime contractor for Lightspeed.

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Tesla recalls nearly 500,000 cars to fix mirror and front trunk issues Thu, 30 Dec 2021 22:17:29 +0000

(RTTNews) – Luxury electric car maker Tesla Inc. (TSLA) has recalled more than 475,000 cars in the United States over technical issues that could increase the risk of accidents.

Tesla has recalled 356,309 vehicles to address potential backup camera issues, which affect the 2017-2020 Model 3s. The company will repair a cable that over time can separate after wear and tear, blocking power to the rear view camera.

Another 119,009 Model S vehicles were recalled due to issues with the front trunk. The company will repair the front trunk latch that could cause the hood to open unexpectedly. This recall affects Model S vehicles manufactured between 2014 and 2021.

The recall almost equates to Tesla’s total global deliveries last year, with the company delivering nearly 500,000 cars in 2020, according to Tesla’s annual report.

In both cases, reports state that “Tesla is not aware of any accidents, injuries or deaths” related to the faults.

The recalls come after the US regulator launched a safety investigation into Tesla’s “Passenger Play” feature that allows Tesla users to play video games on car touch screens while in motion. Tesla said last week that the feature would now only be available when a car is parked after the NHTSA’s preliminary assessment of the gaming feature was announced.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The NGCA and ATHN agreements are approved as the SAVS progress slowly towards 2022 Tue, 28 Dec 2021 23:14:52 +0000

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It was again a sluggish day for PSPCs as the market was lightly traded, there was no deal announcement and only one IPO. Tomorrow we will be posting our December 2021 SPAC market review which will wrap up the full month and take a look into the future. In the meantime, here’s what happened today.

Shareholders of NextGen Acquisition Corp. II (NGCA) have approved their deal with Virgin Orbit today. It is expected to close before the end of the year and start trading as VORB. The buybacks were not explicitly given, but with “$ 228 million in gross proceeds, including $ 68 million in trust proceeds and $ 160 million from a fully committed PIPE”, that implies more than 80% of the repurchased shares.