Richard Branson’s Virgin Galactic goes public
It will become the world’s first publicly traded space-tourism venture by merging with investment firm Social Capital Hedosophia
09 July 2019 - 15:34
London/Sydney — Billionaire Richard Branson’s Virgin Galactic will become the world’s first publicly traded space-tourism venture by merging with an investment firm listed in New York.
Social Capital Hedosophia will have a 49% stake in the combined business, according to a statement Tuesday. That will raise about $800m for Virgin Galactic as it nears its first commercial flight, a spokesperson for the space company said. Social Capital Hedosophia shares advanced 2.6% in pre-market US trading...
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