Virgin Galactic completes merger
Posted: Sat, Oct 26, 2019, 4:48 PM ET (2048 GMT)
Virgin Galactic will become a publicly traded company next week as it completes a merger. Shareholders in Social Capital Hedosophia (SCH), a special-purpose acquisition company, approved its merger with Virgin Galactic Wednesday, allowing the deal to close today. SCH is currently publicly traded on the New York Stock Exchange, so shares of the merged company, under the new ticket symbol SPCE, will start trading Monday as Virgin Galactic. The companies announced the merger in July, a deal that will provide Virgin with more than $450 million in funding to complete its transition from development of SpaceShipTwo to commercial operations of the suborbital spaceplane.
Virgin Galactic will become a publicly traded company next week as it completes a merger. Shareholders in Social Capital Hedosophia (SCH), a special-purpose acquisition company, approved its merger with Virgin Galactic Wednesday, allowing the deal to close today. SCH is currently publicly traded on the New York Stock Exchange, so shares of the merged company, under the new ticket symbol SPCE, will start trading Monday as Virgin Galactic. The companies announced the merger in July, a deal that will provide Virgin with more than $450 million in funding to complete its transition from development of SpaceShipTwo to commercial operations of the suborbital spaceplane.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
NASA IG cites overconfidence and unrealistic schedules for Starliner woes
Posted: Sat, Jul 4 8:11 PM ET (0011 GMT) |
|
news links
|
|
Friday, July 17
Serbia joins NASA's space exploration partnership Artemis Accords
SeeNews — 5:11 am ET (0911 GMT) The Italian Space Agency announces the passing of President Teodoro Valente
ASI — 5:09 am ET (0909 GMT) Deep space pioneer Henon signs to launch with Plato
ESA — 5:08 am ET (0908 GMT) Taiwan lawmakers to remove legal hurdles for Starlink to operate
The Standard (Hong Kong) — 5:06 am ET (0906 GMT) UK to field offensive space squadrons in national first
UK Defence Journal — 5:05 am ET (0905 GMT) |
