Virgin Orbit to Take Equity Stake in Struggling Sky & Space Global

Cosmic Girl performs a pitch up maneuver during a flight test on April 12, 2020. (Credit: Virgin Orbit)

by Douglas Messier
Managing Editor

Richard Branson’s Virgin Orbit launch company will acquire an equity stake in Sky and Space Global (SAS) and sign new strategic launch services and mutual reseller agreements with the struggling communications satellite company.

SAS announced on Oct. 28 that Virgin Orbit would take no less than a 14.7% stake in the company by purchasing shares at a price of A$.020 (US$0.14) each.

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