Virgin Galactic: Should You Invest in the First Commercial Space Travel Stock?
Investing in companies pioneering new industries in which the rules haven't yet been written is typically reserved for venture capital investors who can stomach much higher risk and uncertainty. But every so often, a truly novel business concept becomes available in the public markets as well. Virgin Galactic, a leader in the future industry of commercial space travel, fits this description.
It was recently announced that Virgin Galactic will float as a publicly traded stock after merging with Social Capital Hedosophia Holdings (NYSE: IPOA), an already-public special purpose acquisition company. The transaction will see legendary business mogul Sir Richard Branson join forces with billionaire venture capitalist Chamath Palihapitiya to pioneer a new type of business. On paper, the new company is certainly interesting -- but is it worth investing in?
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