Richard Branson's Virgin Orbit eyes $1-billion valuation in fundraising

Topics Richard Branson

Richard Branson’s satellite-launch business Virgin Orbit is looking to raise up to $200 million in a funding round that could value it at around $1 billion, The Wall Street Journal reported on Sunday, citing people familiar with the matter. Branson’s space ventures compete with those of fellow billionaires Elon Musk and Jeff Bezos in the commercially led space exploration industry.

Virgin Orbit said in August it had hired LionTree Advisors and Perella Weinberg Partners to look at potential financial transactions. Those.

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