Richard Branson And Chamath Palihapitiya Partner To Take Space Tourism Company Virgin Galactic Public: Term Sheet
The deal makes Virgin Galactic the first public human-spaceflight company. : Wow, OK, let’s start the day off with a bang. Two years ago, I wrote about Social Capital’s Chamath Palihapitiya’s lofty goal of helping billion-dollar startups get liquid sooner. At the time, he had raised $600 million in an IPO for his blank check company, Social Capital Hedosophia Holdings. The idea was that Social Capital Hedosophia would acquire a big tech company and help it circumvent the initial public offering process.