Virgin Galactic Going Public with Space Travel

Virgin Galactic’s merger with the Social Capital Hedosophia venture capital fund is official. This makes Virgin Galactic—so far—the only spaceflight company with publicly traded stock. Social Capital Hedosophia is run by Chamath Palihapitiya. Richard Branson, founder of Virgin Galactic, will retain 51% if the company stock, initially valued at $ 1.5 billion. The company will use the ticker symbol of SPCE on the New York Stock Exchange (NYSE).

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Posted by Jeffrey Richmond

Mr. Richmond recently retired from the Aerospace industry as a technical writer and continues to write and research on a variety of topics including aviation and aerospace business. He spent a tour of duty as a pilot and instructor in the US Air Force, flew for a regional airline, and taught at two aviation universities. Jeff and his wife Peggy live in the country between Chattanooga and Nashville, Tennessee.

Virgin Galactic Going Public with Space Travel

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