×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Richard Branson's Virgin Galactic became the first space-tourism business to go public as it began trading on the New York Stock Exchange this week. The listing, carried out through a merger with a shell investment company that was already trading, secures vital new funding for Branson as the British entrepreneur competes with fellow billionaires Jeff Bezos and Elon Musk in what's been dubbed "the new space race".

The deal gives Virgin Galactic a market value of about $2.4bn (R36bn), the company said...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now