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Space tourism company Virgin Galactic has announced that it will go public via a merger with an investment firm. The merger and investments will keep Virgin operating until it can start commercial operations and begin generating its own revenue. The company had a significant setback when a tragic crash killed one of the test pilots.

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Commercial space travel is closer than ever before, but will it be profitable to shuttle folks around in space pods? Virgin Galactic plans to find out, soon. How many people out there would actually shell out hundreds of thousands of dollars for space tours?

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Sir Richard Branson has struck a deal to take Virgin Galactic public. The buyer is a public investment vehicle controlled by two venture capital firms, Social Capital and Hedosophia. View Markets Insider's homepage for more stories.

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By New Scientist staff and Press Association. Virgin Galactic is to become the first publicly traded company for human space travel after it announced a merger with a major investment group. The company is owned by Richard Branson and plans to offer multi-day trips to space.

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The management team of Virgin Galactic will remain the same. George T. Whitesides will stay on as CEO.

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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.

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This week, Virgin Galactic, the space tourism company founded by Sir Richard Branson in announced it will go public. Earlier that year, I took my son out of middle school to watch SpaceShipOne soar overfeet to win the X-Prize. Back then, even the respected New Scientist got on board the space tourism bandwagon. That is when Virgin Galactic plans to start carrying paying customers to the edge of space in a fleet of suborbital spaceships.

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Social Capital Hedosophia Holdings Corp. IPOA 1. As part of the deal with Social Capital Hedosophia, a publicly traded shell, Virgin Galactic later this year would become the first publicly listed human-spaceflight company.

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The billionaire space race has reached a new frontier after Sir Richard Branson announced plans to list Virgin Galactic as a public company on the New York stock exchange. The Virgin tycoon is vying with SpaceX, founded by Tesla chief executive Elon Musk, and Blue Origin, owned by Amazon boss Jeff Bezos, to be the first business to provide commercial passenger flights in space. September Sir Richard Branson announces launch of Virgin Galacticsaying passengers could be flown into space by December A contract is signed for a new Philippe Starck-designed spaceport for Virgin Galactic in New Mexico - to take tourists to space.


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