LONDON (AP) Richard Bransons space-tourism venture, Virgin Galactic, is planning to go public, creating the first listed human spaceflight firm.
Virgin Galactic said today it is merging with Social Capital Hedosophia, whose CEO, Chamath Palihapitiya, will become chairman of the combined entity. The value of the merger was put at $1.5 billion.
We are at the dawn of a new space age, with huge potential to improve and sustain life on Earth, Branson said. I am delighted that SCH has decided to become such an important part of our amazing journey. They share our dreams and together we will make them reality.
Stay connected to the stories and events that make your community a special place to call home.
Subscriptions start at $14.90/month.View subscription options
- Unmatched coverage of Allen County’s local news and sports, a tradition dating back to 1867
- Compelling portraits of our residents, experienced reporting and thoughtful analysis
- Unlimited online access to iolaregister.com and our archives