Virgin Galactic Holdings /\ NYSE: SPCE
$SPCE/ Sir Richard Branson’s/ Virgin Galactic trading on the NYSE on Monday, 10-28-2019
Virgin Galactic is the world’s first commercial space line and vertically integrated aerospace company, pioneering human spaceflight for private individuals and researchers. It believes the commercial exploration of space represents one of the most exciting and significant technology initiatives of our time. It is embarking on this commercial exploration journey with a mission to put humans into space and return them safely to earth on a routine, consistent and affordable basis. Using its proprietary and reusable technologies, and supported by a distinctive, Virgin–branded customer experience, it is developing a spaceflight system designed to offer customers a unique, multi-day experience culminating in a spaceflight that includes several minutes of weightlessness and views of Earth from space. It is in the final stages of development, having already completed two crewed flights of its vehicle into space, and anticipates initial commercial launch in 2020.
PUBLISHED Michael Sheetz
Shareholders approved Virgin Galactic’s merger with
venture capitalist Chamath Palihapitiya’s special purpose vehicle on Wednesday,
according to SEC filings.
Following the merger’s close, expected on Friday,
Sir Richard Branson’s space tourism company will list directly on the New York Stock Exchange on Monday.
After the closing, the shares will trade under the ticker symbol
Virgin Galactic’s spacecraft can carry as many as six passengers,
along with the two pilots, to the edge of space.
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