Richard Branson’s Space Unit to Go Public - USA DAILY NEWS

Richard Branson’s Space Unit to Go Public

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Virgin Galactic, Richard Branson’s space-tourism venture, is preparing for liftoff as a publicly traded company.

Social Capital Hedosophia Holdings Corp., a special-purpose acquisition company, or SPAC, is planning to invest roughly $800 million in Virgin Galactic for a 49% stake.

As part of the deal with Social Capital Hedosophia, a publicly…

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