Self-Motivation
David Goggins
Former Navy Seal
Career Development
Bryan Cranston
Actor
Critical Thinking
Liv Boeree
International Poker Champion
Emotional Intelligence
Amaryllis Fox
Former CIA Clandestine Operative
Management
Chris Hadfield
Retired Canadian Astronaut & Author
Learn
from the world's big
thinkers
Start Learning

Want to invest into space? Richard Branson's Virgin Galactic is going public

Astronaut company Virgin Galactic will become first to be publicly traded.

Inside his SpaceShipTwo vehicle, Richard Branson holds model of satellite LauncherOne. 2012.

Photo by In Pictures Ltd./Corbis via Getty Images
  • Richard Branson's Virgin Galactic will go public later this year.
  • People will be able to buy shares when Virgin Galactic merges with a shell company.
  • The company aims to raise enough capital through investment to sustain itself until profitability.


Many may dream of space but have no viable paths towards it. Becoming a government agency astronaut is for the select few or you need to shell out hundreds of thousands for nascent space tourism. But now comes an opportunity for you to reach past our stratosphere at least vicariously by purchasing stock in billionaire Richard Branson's space company Virgin Galactic.

While this news does not necessarily mean you are going to the stars in the near future, it does bode well for the space industry as a whole. Later in 2019, Virgin Galactic will become the first publicly listed company that sends human to space, beating out Musk's SpaceX and Bezos's Blue Origin.

As reported by the Wall Street Journal, the deal to make this happen involves having a specially-designed acquisition company Social Capital Hedosophia Holdings Corp. investing about $800 million in Virgin Galactic to get a 49% ownership stake. Through the publicly-traded shell Social Capital Hedosophia, Branson's company will be open to the people.

Why do this now? Virgin Galactic thinks this will net it enough money to keep the business going until its spaceships will start bringing in profits.

SpaceShipTwo.

Virgin Galactic.

Branson expressed his rationale for the decision to be making sure "we can enable as many people in the world as possible to become astronauts."

So far, Virgin Galactic sold about $80 million worth of seats on future spaceflights to 600 people. Overall, it raised over $1 billion since 2004 (but mostly from Branson himself).

In February, Virgin Galactic sent 3 people past the edge of our stratosphere in its SpaceShipTwo vessel. The test flight reached 56 miles above the Earth.

Richard Branson Imagines the Future

The British entrepreneur's plan to populate outer space.

Live on Tuesday | Personal finance in the COVID-19 era

Sallie Krawcheck and Bob Kulhan will be talking money, jobs, and how the pandemic will disproportionally affect women's finances.

How to manage self-inflicted stress

Stress and anxiety therapist Dr. Amelia Aldao suggests waiting 60 seconds before reacting to a stressor, giving your rational mind time to catch up to your emotions.

Studies show that positive emotions (happiness, comfort, pleasure, etc) allow us to consider a larger set of options in order to make faster, smarter decisions.

Image by pimchawee on Shutterstock
Personal Growth
  • Stress is a complex defense mechanism that we experience in relation to either internal or external threats.
  • Self-inflicted stress is stress we inflict upon ourselves with our emotional and behavioral responses to certain situations. An example of self-inflicted stress would be your car breaking down on the morning of an important meeting because your "check engine" let had been on, but you ignored it.
  • There are a few ways for you to cope with self-inflicted internal and external stressors, put forth by researchers and therapists.
Keep reading Show less

Why is everyone so selfish? Science explains

The coronavirus pandemic has brought out the perception of selfishness among many.

Credit: Adobe Stock, Olivier Le Moal.
Personal Growth
  • Selfish behavior has been analyzed by philosophers and psychologists for centuries.
  • New research shows people may be wired for altruistic behavior and get more benefits from it.
  • Crisis times tend to increase self-centered acts.
Keep reading Show less

How Hemingway felt about fatherhood

Parenting could be a distraction from what mattered most to him: his writing.

Ernest Hemingway Holding His Son 1927 (Wikimedia Commons)
Culture & Religion

Ernest Hemingway was affectionately called “Papa," but what kind of dad was he?

Keep reading Show less
Videos

The biology of aliens: How much do we know?

Hollywood has created an idea of aliens that doesn't match the science.

Scroll down to load more…
Quantcast