Virgin Galactic, a space tourism company, going public.
Virgin Galactic is going to be the first space tourism company and it is publicly traded. Social Capital Hedosophia Holdings Corp, an open shell organization, will gain 49 percent of Virgin Galactic which was established by Richard Branson in 2004.
The arrangement includes a venture of generally $800 million and should support its spaceships until tasks can start turning a benefit.
Virgin Galactic undertakings that it’ll be beneficial on a yearly basis by August 2021, and will fly its first tourist within a year, as reports CNBC.
The speculation comes as the incipient space the travel industry is as yet attempting to work out its plans of action.
The Virgin Galactic will, in the end, contend with Blue Origin of Jeff Bezos and SpaceX of Elon Musk. Virgin Galactic professes to have effectively sold many tickets at $250,000 per ticket, however presently can’t seem to really take any of these ticket holders on the arranged hour and a half excursion to space. Its traveler spaceplane, the VSS Unity, just made it to space without precedent for December a year ago.