Monday, November 11, 2019

Virgin Galactic Takes Flight on NYSE

On 27 October 2019, Virgin Galactic became the first publicly-listed human spaceflight company.This occurred once its merger with venture capital firm Social Capital Hedosophia was completed.Virgin Group CEO Sir Richard Branson did the honours, ringing​ the opening bell on the trading floor of the New York Stock Exchange on listing day.*
The company says it already has customer reservations from more than 600 people in 60 countries, yielding about 80 million dollars in total collected deposits.Mr.Branson believes that:
With our proprietary spacecraft system, special airspace access at Spaceport America (New Mexico), globally recognised brand and broad investor interest,we believe Virgin Galactic is positioned to capitalise on the fast-growing multibillion dollar commercial space market and ultimately open space to thousands of new astronauts.*
Indeed, the company's two successful spaceflights brought official astronaut status to the Virgin Galactic test flight crews.*
Virgin Galactic Holdings Inc (SPCE)



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