Richard Branson’s Virgin Galactic is set to become the first publicly traded human spaceflight company. Read more:
- British billionaire Richard Branson’s Virgin Galactic plans a stock market listing by the end of the year, giving it the much-needed funds to take on Jeff Bezos’ Blue Origin and Elon Musk’s SpaceX in the race to space.
But since its early days, his ambitious timeline for taking customers into space has suffered delays and setbacks. Hundreds of people from 60 countries, including actor Leonardo DiCaprio and pop star Justin Bieber, have paid or put down deposits to fly on one of Virgin’s suborbital flights. Some of Virgin Galactic’s ticket holders have been waiting over 14 years for their trip.
Social Capital Hedosophia’s chief executive officer, Chamath Palihapitiya, will invest $100 million as part of the deal and will become chairman of the combined company.
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