Virgin Galactic reportedly prepares for public trading launch

0
84
Virgin Galactic reportedly prepares for public trading launch

Virgin Galactic may become the first publicly listed human spaceflight company.


Richard Baker/In Pictures Ltd./Corbis via Getty Images

Virgin Galactic is apparently preparing to become a publicly traded company later this year.

It’ll do so with an investment of around $800 million from Social Capital Hedosophia Holdings, giving the special-purpose acquisition company a 49% stake, the Wall Street Journal reported.

Neither Virgin Galactic nor Social Capital Hedosophia Holdings immediately responded to requests for comment.

Source link