Getty Sir Richard Branson has struck a deal to take Virgin Galactic public. The billionaire and serial entrepreneur has agreed to sell a 49% stake in his space-tourism venture, in a transaction valuing the company at $1.5 billion. The buyer is a public investment vehicle controlled by two venture capital firms, Social Capital and Hedosophia. […]
Richard Branson’s Virgin Galactic is going public in 3, 2, 1…
Getty Sir Richard Branson has struck a deal to take Virgin Galactic public. The billionaire and serial entrepreneur has agreed to sell a 49% stake in his space-tourism venture, in a transaction valuing the company at $1.5 billion. The buyer is a public investment vehicle controlled by two venture capital firms, Social Capital and Hedosophia. […]