A cross-practice team collaborated on representing a special purpose acquisition company that will merge with Virgin Orbit, which launches small satellites into space. Announced on August 23, the deal is valued at $3.2 billion.
The SPAC is NextGen Acquisition Corp II, and the combined company will keep the Virgin Orbit name. “The space economy is developing rapidly, and Virgin Orbit is well positioned to benefit through its ability to competitively launch at any time, from any place on Earth, to any orbit and inclination,” NextGen's co-founders, George Mattson and Greg Summe, said in a joint statement.
The firm team included Partner Paul Alp and Associate Grant Schweikert in the Aviation and Aerospace Practice; Partner John Flynn and Special Counsel David M. Didion and Camillie Landrón in the Communications, Internet, and Technology Practice; and Associate Umer M. Chaudhry in the Government Contracts Practice. The team played a significant role providing counsel on regulatory issues, covering FAA, FCC, and government contracts matters.