by Douglas Messier
Managing Editor
During the SmallSat Symposium last week, Richard Branson was asked why Virgin Galactic had gone public using a special purpose acquisition company (SPAC).
“I’m impatient. The SPAC gets through all of the rigmarole of public companies. Yes, I thought, that’s great, let’s do it,” he replied.
Branson was half right. A SPAC makes it a lot easier for a company to go public. But, impatience was probably not the main reason Virgin Galactic went SPAC.
(more…)Saudi Arabia’s decision to invest $1 billion with an option for $480 million more into the Virgin Group involves not only its three space companies — Virgin Galactic, Virgin Orbit and The Spaceship Company — but also Virgin Hyperloop One. Vision 2030 is Saudi Arabia’s plan to modernize and diversify its economy away from oil. The kingdom plans to connect its cities and those in adjoining countries via a network […]
Mojave is a quiet little town that people don’t visit so much as stop at just long enough for gas, food or a bathroom break. It seems like the only folks who stay overnight have business at the spaceport or are long-haul truckers who are not here for the town’s non-existent nightlife. So, the arrival of Richard Branson’s private jet — the one with the Virgin Galactic eye on the […]
