spacetoday.net: space news from around the webin association with SpaceNews


Virgin Galactic to go public in merger with investment company
Posted: Sat, Jul 13, 2019, 8:01 PM ET (0001 GMT)
SpaceShipTwo on 2019 February 22 test flight (Virgin Galactic) Virgin Galactic announced a deal early Tuesday to merge with an investment company, raising several hundred million. Social Capital Hedosophia Holdings Corp. will take a 49 percent stake in Virgin Galactic in a deal that values the company at $1.5 billion. Social Capital Hedosophia is a so-called "special-purpose acquisition company" that is publicly traded and is established for the purpose of acquiring a privately held company. The deal would allow Virgin Galactic to become publicly traded as soon as later this year, as the company is finishing testing of its SpaceShipTwo suborbital vehicle. The deal would ensure the company has enough funding to get into commercial operations.
<<previous article   next article>>
news in brief
Vector replaces CEO and suspends operations
Posted: Mon, Aug 12 4:03 PM ET (2003 GMT)

Atlas 5 launches AEHF-5 communications satellite
Posted: Mon, Aug 12 4:00 PM ET (2000 GMT)

Ariane 5 launches two communications satellites
Posted: Mon, Aug 12 3:58 PM ET (1958 GMT)

news links
Saturday, August 24
What’s in Thailand’s New Military Space Center Launch?
The Diplomat — 7:59 am ET (1159 GMT)
Space fever
The Hindu — 7:58 am ET (1158 GMT)


about spacetoday.net   ·   info@spacetoday.net   ·   mailing list