Finance

Virgin Galactic deal sparks interest in obscure investment vehicle

0


Sir Richard Branson walks around the new Virgin Galactic SpaceShipTwo at its roll out in the Mojave Desert, about a year and a half after Virgin’s last rocket plane broke into pieces and killed the test pilot.

Al Seib | Los Angeles Times | Getty Images

There’s lots of excitement that tech superstar Chamath Palihapitiya’s Social Capital Hedosophia is buying a 49% stake (roughly $800 million) in Virgin Galactic to do space flights. The excitement is partly due to the investment — space —unconventional but exciting, but also due to the fact that Social Capital may be one of the more successful SPAC investments, a previously boring area that has become, along with IPOs, a hot investment…



Source cnbc.com

Billionaire James Dyson buys $54 million penthouse in Singapore: Reports

Previous article

Patients in the UK are using Amazon’s tech for aches and pains

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Finance