--> Marketing For Photographers
--> Sexual Peak Performance - Hot New Mens Health Offer
--> Woodprofits - $80 Per Sale - New Copy Doubles Conversions!
--> Trend Profiteer: New Profitable Forex Launch. Premium Software.
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.
Virgin Galactic raised $450m through an unconventional merger with Social Capital Hedosophia, an investment vehicle run by former Facebook employee Chamath Palihapitiya. Existing Virgin Galactic shareholders, including Branson, will own about 59% of the new company, which will be known as Virgin Galactic Holdings.
The commercial space sector has been well developed for decades, mainly for telecommunications and surveillance satellites. However, space tourism has taken much longer, and has so far been driven by the personal ambitions of deep-pocketed billionaires rather than expectations of near-term profits.