Virgin Galactic: Space tourism flights to begin in a year, company will be profitable in 2021
after it merges with Social Capital Hedosophia , a special-purpose acquisition company that Palihapitiya created. The combined firm will have a valuation of $1.5 billion, with SCH taking a 49% stake.
Virgin Galactic is set to become the first publicly-traded human spaceflight company when it lists. The company has completed two flights to the edge of space, with the first in December and the second, which carried Virgin Galactic's first passenger, in February.
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