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Richard Branson’s space unit to go public

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Richard Branson’s space-tourism venture is planning an initial public offering.

Virgin Galactic will be boosted in the IPO via an $800 million investment from Social Capital Hedosophia Holdings Corp. The latter company will gain a 49% stake in Virgin Galactic.

Virgin Galactic is slated to become the first publicly traded human spaceflight company.

Read more from The Wall Street Journal.


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