Virgin Orbit will invest $ 30 million in the Polish company SatRevolution, which is a producer of nanosatellites and nanosatellite technologies. The agreement was signed in Paris at the World Satellite Business Week summit.
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Virgin Orbit invests in a Polish company
The Polish company announced in a press release that “acquired financing for Series B (” Transaction “) from Virgin Orbit, an American company that provides services for launching small satellites and providing solutions for spacewhich announced its planned business merger with NextGen Acquisition Corp. “.
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The transaction announced on Tuesday is expected to be finalized for the first quarter of 2022.
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The Polish company SatRev produces satellites
SatRev specializes in the design, production and operation of satellites and data analytics and creates a real-time Earth observation constellation. Its goal is to become the world’s largest operator of Earth observation satellites.
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Virgin Orbit deals with, among others small satellite launch services. Founded by sir Richard Branson in 2017, the company began providing commercial services in 2021.
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