Virgin Galactic launches (on the New York Stock Exchange)

Public investors now able to buy shares as Sir Richard Bransons space tourism venture seeks funds for takeoff Virgin Galactic has taken a giant leap towards space as shares in the billionaire Sir Richard Bransons space tourism venture started trading on the New York Stock Exchange. Public investors are now able to buy shares under the stock market ticker symbol SPCE in the human spaceflight company which is betting that enough wealthy tourists will pay the $250,000 (195,000) ticket price to justify investments worth hundreds of millions of dollars. rocket company founded by Elon Musk, the chief executive of electric carmaker Tesla, and Blue Origin, the company owned by the Amazon founder Jeff Bezos, which aims to talks with the …

Saudis Replace Aramco Chair With Wealth Fund Boss Before IPO

Photographer: Stefan Wermuth/Bloomberg Saudi Arabia removed Energy Minister Khalid Al-Falih from his position as Chairman of Saudi Aramco, the second time his role has been scaled back in less than a week, as the government prepares to sell shares in the state-owned oil company. Al-Falih will be replaced by Yasir Al-Rumayyan, head of the sovereign wealth fund, according to a Tweet from Al-Falih’s account. The appointment of Al-Rumayyan, already an Aramco board member and a key adviser to powerful Crown Prince Mohammed Bin Salman, will seperate the Ministry of Energy from Aramco and avoid conflicts of interest as the company prepares for the upcoming initial public offering, according to a source familiar with the thinking behind the decision. Yasir Al-Rumayyan …