Verified facts grounded in source documentation.
As of 2023-05-17, Arqit is the largest unsecured creditor identified to date in Virgin Orbit’s Chapter 11 bankruptcy process with a $10,000,000 claim.
Arqit is cooperating with the SEC investigation by voluntarily producing documents.
Arqit aims to raise $400,000,000 to develop a quantum technology encryption network.
Arqit expects the first FQS satellites to be launched on Virgin Orbit’s LauncherOne from Newquay in Cornwall in 2023 after the launch of the first commercial Arqit satellites.
Arqit expects to raise $400,000,000 from its SPAC merger once it closes in the third quarter of 2021.
A SPAC merger involving quantum technology encryption venture Arqit on 2021-05-12 made Arqit the first U.K. space company unicorn valued at more than $1,000,000,000.
Arqit plans to merge with Centricus Acquisition Corp. in a deal announced 2021-05-12 that would raise $400,000,000 for two satellites in 2023 and aims to close by the third quarter of 2021.
British quantum technology encryption startup Arqit is raising $400,000,000 by merging with a special purpose acquisition company to launch two satellites in 2023.
Arqit plans to launch two quantum satellites by 2023 to assume the role of originating source keys for its system.
Arqit plans to launch two quantum satellites by 2023 to assume the role of originating source keys for its system.
The proposed transaction was unanimously approved by Arqit's board of directors and Centricus' board of directors and is expected to be completed by the end of the third quarter of 2021, subject to Centricus shareholder approval and satisfaction or waiver of closing conditions.
Arqit plans to launch two quantum satellites by 2023 to assume the role of originating source keys.
Arqit plans to launch two quantum satellites by 2023 to assume the role of originating source keys.
Arqit’s merger with Centricus Acquisition Corp. values the combined group at $1,400,000,000.
Arqit is raising $400,000,000 through a SPAC deal to support the launch and construction of two satellites in 2023.