July 9, 2019 / 10:17 AM / 2 months ago

Richard Branson's Virgin Galactic plans to go public by end of 2019

July 9 (Reuters) - Billionaire Richard Branson’s space-tourism venture, Virgin Galactic, plans to public by the end of this year as part of a deal with a special purpose acquisition company (SPAC) created by venture-capital firms Social Capital and Hedosophia, the companies said on Tuesday.

Social Capital Hedosophia Holdings will take a 49% stake in Virgin Galactic.

Reporting by Ankit Ajmera in Bengaluru; Editing by Maju Samuel

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