Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Virgin Orbit carries out first night mission for US Space Force and Circle CEO says USDC stablecoin provider is in strongest position ever
Virgin Orbit carries out its first night mission for the US Space Force
Virgin Orbit (NASDAQ:VORB) has ticked off another milestone for its fledgling launch business, successfully carrying out its first night-time mission over the weekend and deploying satellites into low-Earth orbit. The flight is the first of three the company will carry out for the United States Space Force as it eyes international expansion of its operations.
Virgin Orbit finally commenced commercial operations last June following years of development and test flights. The company’s approach to satellite launches involves a modified 747 that takes off from conventional airport runways and releases a rocket called LauncherOne from high altitude. This rocket then fires up its own engines to carry on to orbit with the customer’s payload.
NextGen Acquisition Corp. II completed its combination with space venture Virgin Orbit in December 2021.
READCircle CEO Says USDC Stablecoin Provider Is in ‘Strongest Position’ Ever
Crown PropTech (OTC:CPTKW) has entered into a definitive agreement to combine with rare earth mining firm Mkango Resources (TSX-V:MKA) at a pre-money equity value of $400 million. London-based Mkango is working to commercialize a chain of rare earth mining and refining facilities in Africa and Europe. The combined company is expected to trade on the...
At the SPAC of Dawn One of the biggest sources of uncertainty in the SPAC market in recent years has been regulatory changes, but new shifts could be in its favor. SEC Chairman Paul Atkins told CNBC yesterday that the commission would review the rules for SPACs after “rather controversial” changes to the rules passed...
McKinley Acquisition Corporation (NASDAQ:MKLYU) has filed for a $150 million SPAC to hunt for an innovative target company with an experienced financial team that has dabbled in SPACs before. The new SPAC is offering investors one right to a 1/10 share in each unit with no overfunding of the trust, but it could provide a...
At the SPAC of Dawn The rain of SPACs has continued with four expected to make their debuts during today’s trading sessions after pricing their IPOs overnight. The largest of these, EQV Ventures II (NASDAQ:EVACU), even managed an upsize, making it the largest SPAC IPO since Ares II (NYSE:AACT) pulled together $450 million in 2023....
EQV Ventures II (NASDAQ:EVACU) announced the pricing of its upsized $420 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EVACU”, Wednesday, July 2, 2025. The new SPAC plans to merge with an energy target involved in upstream exploration or production. EQV II’s management team is led by...