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
Soyuz launches missile early warning satellite
Posted: Sun, May 24 10:55 AM ET (1455 GMT)

H-2B launches HTV cargo spacecraft
Posted: Sun, May 24 10:53 AM ET (1453 GMT)

NASA human spaceflight head abruptly resigns
Posted: Sun, May 24 10:52 AM ET (1452 GMT)

news links
Sunday, May 24
Emirates Mars Mission confirms launch date for Hope probe
Gulf Business — 12:31 pm ET (1631 GMT)

about   ·   ·   mailing list