The billionaire's space-tourism venture is selling a stake that values the company at $1.5 billion.
Sir Richard Branson has struck a deal to take Virgin Galactic public. The billionaire and serial entrepreneur has agreed to sell a 49% stake in his space-tourism venture, in a transaction valuing the company at $1.5 billion. The buyer is a public investment vehicle controlled by two venture capital firms, Social Capital and Hedosophia. View Markets Insider's homepage for more stories.
Sir Richard Branson has struck a deal to take Virgin Galactic public. The billionaire and serial entrepreneur has agreed to sell a 49% stake in his space-tourism venture, in a transaction valuing the company at $1.5 billion. The buyer is a public investment vehicle controlled by two venture capital firms, Social Capital and Hedosophia. View Markets Insider's homepage for more stories.
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