SPAC Deep Dive, subSPAC

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Each week we’ll identify and break down for you SPACs that are capturing market share and making an impact.

SPAC Deep Dive

Equity Bottom-Up

Virgin Galactic Holdings  / Equity Bottom-Up

<ul><li>This week, space launch company Virgin Galactic's funding woes escalated as emergency talks with potential investors fell through.</li><li>As a result, the company announced a staggering 85% workforce reduction and paused operations until further funding is secured.</li><li>Since going public in 2021 with a $3.7 billion valuation, Virgin Orbit's value has plummeted by 99% as of its last close, highlighting the realities of space investing.</li></ul>

This week, space launch company Virgin Galactic's funding woes escalated as emergency talks with potential investors fell through.As a result, the company announced a staggering 85% workforce reduction and paused operations until further funding is secured.Since going public in 2021 with a $3.7 billion valuation, Virgin Orbit's value has plummeted by 99% as of its last close, highlighting the realities of space investing.

Virgin Galactic Holdings

Space Race Reality Check