Branson’s Virgin Galactic Space Business to Go Public

From bnnbloomberg.ca

Billionaire Richard Branson’s Virgin Galactic plans to go public and become the world’s first listed space-tourism venture, the Wall Street Journal reported. The company will be listed this year under a deal with Social Capital Hedosophia Holdings Corp., the newspaper said, citing people familiar with the matter. Social Capital Hedosophia, which is nearing the end of its allotted time to make an acquisition since its trading debut on the New York Stock Exchange in 2017, will buy 49% of Virgin Galactic for about $800 million, the WSJ said. The deal will help fund Virgin Galactic until its spaceships can operate ... (full story)