Virgin Galactic plans to go public following $800M investment

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