Want to invest into space? Richard Branson's Virgin Galactic is going public
Astronaut company Virgin Galactic will become first to be publicly traded.
- 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.
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
- Here's why Richard Branson's Virgin Galactic is going public ›
- Richard Branson's Virgin Galactic to Go Public - The New York Times ›
Former president of the ACLU Nadine Strossen discusses whether our society should always defend free speech rights, even for groups who would oppose such rights.
- Former ACLU president Nadine Strossen understands that protecting free speech rights isn't always a straightforward proposition.
- In this video, Strossen describes the reasoning behind why the ACLU defended the free speech rights of neo-Nazis in Skokie, Illinois, 1977.
- The opinions expressed in this video do not necessarily reflect the views of the Charles Koch Foundation, which encourages the expression of diverse viewpoints within a culture of civil discourse and mutual respect.
Going back to the moon will give us fresh insights about the creation of our solar system.
- July 2019 marks the 50th anniversary of the moon landing — Apollo 11.
- Today, we have a strong scientific case for returning to the moon: the original rock samples that we took from the moon revolutionized our view of how Earth and the solar system formed. We could now glean even more insights with fresh, nonchemically-altered samples.
- NASA plans to send humans to a crater in the South Pole of the moon because it's safer there, and would allow for better communications with people back on Earth.
Pugs and bulldogs are incredibly trendy, but experts have massive animal welfare concerns about these genetically manipulated breeds.
- Pugs, Frenchies, boxers, shih-tzus and other flat-faced dog breeds have been trending for at least the last decade.
- Higher visibility (usually in a celebrity's handbag), an increase in city living (smaller dogs for smaller homes), and possibly even the fine acting of Frank the Pug in 1997's Men in Black may be the cause.
- These small, specialty pure breeds are seen as the pinnacle of cuteness – they have friendly personalities, endearing odd looks, and are perfect for Stranger Things video montages.
Jokesters and serious Area 51 raiders would be met with military force.
- Facebook joke event to "raid Area 51" has already gained 1,000,000 "going" attendees.
- The U.S. Air Force has issued an official warning to potential "raiders."
- If anyone actually tries to storm an American military base, the use of deadly force is authorized.