The race in becoming the first public company involved in space flight is officially ended, and Virgin Galactic won it. The company intends to place its shares on the New York Stock Exchange by acquiring a minority stake in Social Capital Hedosophia.
Unlike other companies that work in this area, the brainchild of Richard Branson deals exclusively with suborbital launches with the aim of raising tourists into space. At the same time, their main competitor, SpaceX, is investing in the development of moon flights and interplanetary travel.
Earlier, Virgin Galactic held talks with the Kingdom of Saudi Arabia, the latter promised to invest about 1 billion US dollars in the Branson`s company. But after the kingdom murdered by the Washington Post journalist Jamal Khashoggi, Virgin Galactic refused to cooperate.
Virgin Galactic was founded in 2004, two years later than SpaceX, and became the first company that focused on space tourism and the launch of small satellites into orbit.
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