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Vote moves Virgin Galactic closer to NM launch

Shareholders in Silicon Valley holding company Social Capital Hedosophia Holdings Corp. [NYSE:IPOA] approved a proposed merger and $700 million investment in Richard Branson’s space tourism venture Wednesday, according to a Form 8-K filed with the U.S. Securities and Exchange Commission. Another $100 million will be invested by Social Capital Founder and CEO Chamath Palihapitiya, a former Facebook exec.

The…

Source: The Business Journal

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