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Virgin Orbit nearing deal for $200M investment from Matthew Brown, Reuters says

Virgin Orbit Holdings is nearing a deal for a $200M investment from Texas-based venture capital investor Matthew Brown via a private share placement, according to a term sheet seen by Reuters, Joey Roulette reports. Virgin Orbit’s market cap slumped to a record low of $150M on Tuesday from more than $3B two years ago when it went public. Reference Link

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Published first on TheFly

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