Virgin Galactic which was founded by Richard Branson in 2004 and is currently en route to becoming the first space tourism company to be publically traded.
Social Capital Hedosophia Holdings is a partnership between the investment firms of Social Capital and Hedosophia who is planning to acquire 49 percent of Virgin Galactic.
The deal involves an investment of $800 million which should fund its spaceships until operations can begin turning a profit.
Virgin Galactic will eventually compete with Jeff Bezos’ Blue Origin and Elon Musk’s SpaceX, but as of the now space tourism is still a foreign concept.
Virgin Galactic claims to have already sold hundreds of tickets, costing $250,000 per seat, but has yet to take any “customers” on the 90-minute space trip.
The modern-day space race is here and Virgin Galactic is leading the pack!
[…] This new part of the International Space Station dock will create two new commercial parking spots for new Boeing and SpaceX shuttles. This International Docking Adapter is the third one built but will be the second one to be installed. The first was finished in 2015 and destroyed when the SpaceX Falcon 9 rocket disintegrated. The second was taken to the International Space Station in 2016 on another Falcon 9 rocket and installed with a spacewalk. This new dock will create a new parking spot for shuttles during missions. […]