Private space tourism is about to go public. Virgin Galactic will begin trading on the NYSE today as the first space tourism stock.
Virgin Galactic's spacecraft can carry six passengers and two pilots to the edge of space. The spaceship is dropped from a jet-powered aircraft and fires a rocket motor, reaching over three times the speed of sound as it climbs through Earth's atmosphere. The spacecraft and its passengers then float weightless for a few minutes, before gliding back down to land on Earth much like a traditional aircraft.
Virgin Galactic spacecraft Unity fires its engine and heads to space with its first test passenger on board in February 2019.A ticket for a Virgin Galactic flight goes for about $250,000 per person, and the company has a list of 603 customers waiting to fly. Special purpose vehicles, known as SPACs, raise capital to buy an existing company. In Social Capital Hedosophia's case, Palihapitiya's SPAC is buying just under half of the company to help it enter the public market. Palihapitiya is the founder of Social Capital and had been an early executive at
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Virgin Galactic to trade on the NYSE on Monday as the first space tourism stockVirgin Galactic will trade under the stock ticker SPCE.
Lire la suite »
Taste Test: Extra-Virgin Olive Oil106 bottles. 5 price ranges. 2 days. 1 ultimate winner.
Lire la suite »
Virgin Galactic to trade on the NYSE on Monday as the first space tourism stockVirgin Galactic will trade under the stock ticker SPCE.
Lire la suite »
Australian markets up as hopes rise for a US-China 'phase one' trade dealAustralian shares rose in the morning, as hopes rise on trade, with the U.S. and China appearing close to finalizing a phase one trade deal.
Lire la suite »
As Stocks Hover Near Highs, Past Pullbacks Worry InvestorsStocks are flirting with record territory but have been stuck in a narrow trading range, leaving investors grasping for a fresh driver that could propel the bull market to even greater heights.
Lire la suite »
Apple earnings: iPhone optimism hasn’t changed Apple’s downward trajectoryFrom one look at Apple Inc.’s stock, you might think that Wall Street was expecting something big from the company’s coming earnings report.
Lire la suite »