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Commercialization

Virgin Galactic Merges With Social Capital Hedosophia and Goes Public

By Marc Boucher
July 8, 2019
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Virgin Galactic Merges With Social Capital Hedosophia and Goes Public

Virgin Galactic and Social Capital Hedosophia Announce Merger to Create the World’s First and Only Publicly Traded Commercial Human Spaceflight Company, Virgin Galactic and Social Capital Hedosophia
VIRGIN GALACTIC (“VG”) and SOCIAL CAPITAL HEDOSOPHIA (“SCH”), a public investment vehicle sponsored by Social Capital and Hedosophia, announced that the boards of directors of each company have approved a definitive agreement under which VG and SCH will merge, with the current shareholders of SCH expected to own up to approximately 49% of the combined company. Upon closing of the transaction, which is expected in the second half of 2019, VG will be introduced as the first and only publicly traded commercial human spaceflight company.
Marc’s note: Not that I want to quibble with the marketing people who put this together, but you could argue that Boeing, which will soon be sending astronauts to space, is also a publicly traded company that includes human spaceflight as part of their product offering. And ULA, the launch provider, is jointly owned by Boeing.

SpaceRef co-founder, entrepreneur, writer, podcaster, nature lover and deep thinker.