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
|
|
Space Force releases guidelines on commercial use of launch sites
Posted: Sun, Jul 20 9:51 AM ET (1351 GMT) |
|
news links
|
|
Saturday, July 26
Vega C Successfully Puts In Orbit CO3D And MicroCarb Satellites
Avio — 11:01 am ET (1501 GMT) Airbus-built CO3D constellation successfully launched to map our planet in 3D
Airbus Group — 10:54 am ET (1454 GMT) MicroCarb: Europe’s first mission to monitor and map atmospheric carbon dioxide successfully launched
Thales Alenia Space — 10:53 am ET (1453 GMT) Thales Alenia Space signs a contract with the Italian Space Agency (ASI) to develop the first human outpost on the lunar surface
Thales Alenia Space — 10:53 am ET (1453 GMT) GovSat orders a defence telecommunications satellite from Thales Alenia Space
Thales Alenia Space — 10:53 am ET (1453 GMT) |
