Richard Branson’s Space Unit to Go Public

Richard Branson’s Virgin Galactic plans to become the first publicly listed human spaceflight company as part of an $800 million deal

Virgin Galactic, Richard Branson’s space-tourism venture, is preparing for liftoff as a publicly traded company.

Social Capital Hedosophia Holdings Corp., a special-purpose acquisition company, or SPAC, is planning to invest roughly $800 million in Virgin Galactic for a 49% stake, according to people familiar with the matter.

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