Virgin Galactic to Be First Publicly-Traded Space-Tourism Company
British billionaire and record holder for world's tiniest beard Richard Branson announced plans to take his space-tourism company Virgin Galactic public later this year.
If successful, Virgin Galactic will be the world's first publicly-traded space-tourism company and the first virgin to go to space. (You know those astronauts can get it. They're buff geniuses making six-figure salaries.)
Branson's space baby will sidestep the requirement to offer an IPO by merging with a New York investment firm already trading on the public market.
Social Capital Hedosophia (which sounds like a fascist Greek sex god) will invest roughly $800 million dollars in No-Sex Galactic for a 49% stake of the company.