#Virgin #Galactic Plans To Become First Publicly Traded #Spaceflight Company

Virgin Galactic has successfully taken two crewed spaceflights within the past year.

It's preparing to enter the stock market by the end of 2019 –– which would make it the first publicly owned spaceflight company.

Billionaire Richard Branson is partnering with a group of investors to take his space tourism company public. The stock market debut is expected later this year.

It would be the first spaceflight company to be publicly owned; Jeff Bezos' Blue Origin and Elon Musk's SpaceX are both privately held.

Virgin Galactic was founded in 2004 and experienced a significant setback in 2014 when a test flight fatally crashed. But within the past year, the company has successfully taken two crewed spaceflights.

More than 6o0 people have paid to reserve spots on future commercial flights — putting down a collective $80 million in deposits, according to Virgin Galactic, and on the hook for another $120 million by the time they actually visit space.

Source: NPR, article


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