Amid a push to bring over 100 more employees to New Mexico, Richard Branson’s space tourism company Virgin Galactic plans to go public following an $800 million investment.
Most of that money is set to come from Social Capital Hedosophia Holdings Corp., a company created by Chamath Palihapitiya to help companies like Virgin Galactic go public without doing a traditional IPO. Around $100 million of that investment will come from Palihapitiya himself.
Branson’s company is now set to become the first…
Source: The Business Journal
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