Richard Branson rang the opening bell at the New York Stock Exchange on October 28 as Virgin Galactic became the first commercial spaceflight company to list on the stock market. It was valued at more than US$1 billion following its merger with publicly-listed holding firm Social Capital Hedosophia, then experienced a 20% drop in its share price after a week of trading. It is now worth around US$800m.
Richard Branson rang the opening bell at the New York Stock Exchange on October 28 as Virgin Galactic became the first commercial spaceflight company to list on the stock market. It was valued at more than US$1 billion following its merger with publicly-listed holding firm Social Capital Hedosophia, then experienced a 20% drop in its share price after a week of trading. It is now worth around US$800m.
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