Tag Archives: social capital hedosophia holdings corp

Vertical Research Partners is the first company that started covering Virgin Galactic, the space company founded by British billionaire Richard Branson. They gave it a “buy” rating and said its risk “is misunderstood.”In his letter to investors analyst Darryl Genovesi wrote:“We think the technical risk to SPCE’s human spaceflight program is less draconian than the stock appears to be pricing in.”Virgin Galactic had its IPO last week, following the realization of its merger with Chamath...

Sir Richard Branson’s private space tourism company Virgin Galactic Inc. started its trading on the New York Stock Exchange (NYSE) via a direct listing at $12.10 on Monday under the ticker “SPCE”.The move comes after the Galactic merged with Chamath Palihapitiya’s venture Social Capital Hedosophia that gave the new company a combined valuation of $1.5 billion. Branson kept a 51% stake in the business.CEO George Whitesides said:“Virgin Galactic is making history again today as it becomes the...

The race for the space business is getting intense as big organizations are spending billions of dollars in creating the infrastructure for space tourism. While we have frequently heard Elon Musk’s SpaceX or Jess Bezos’ Blue Origin working on the plan, Richard Branson’s space tourism venture Virgin Galactic has pulled the rabbit out of the hat.Virgin Galactic is all set to become the first company in the space tourism to go public. During a recent interview with the CNBC, we heard this...