Conscious Choice cover

From the press release: In this ground-breaking new history of early America, historian Robert Zimmerman not only exposes the lie behind The New York Times 1619 Project that falsely claims slavery is central to the history of the United States, he also provides profound lessons about the nature of human societies, lessons important for Americans today as well as for all future settlers on Mars and elsewhere in space.

 
Conscious Choice: The origins of slavery in America and why it matters today and for our future in outer space, is a riveting page-turning story that documents how slavery slowly became pervasive in the southern British colonies of North America, colonies founded by a people and culture that not only did not allow slavery but in every way were hostile to the practice.  
Conscious Choice does more however. In telling the tragic history of the Virginia colony and the rise of slavery there, Zimmerman lays out the proper path for creating healthy societies in places like the Moon and Mars.

 

“Zimmerman’s ground-breaking history provides every future generation the basic framework for establishing new societies on other worlds. We would be wise to heed what he says.” —Robert Zubrin, founder of founder of the Mars Society.

 

Available everywhere for $3.99 (before discount) at Amazon, Barnes & Noble, and all ebook vendors, or direct from the ebook publisher, ebookit. And if you buy it from ebookit you don't support the big tech companies and I get a bigger cut much sooner.


Branson sells 49% of Virgin Galactic, stock to be publicly listed

Capitalism in space: Richard Branson has sold 49% of Virgin Galactic in a deal that will have the company’s stock publicly listed by the end of 2019.

The firm will list its shares as part of a merger deal with Social Capital Hedosophia, a special-purpose acquisition company (SPAC) created by venture capitalist Chamath Palihapitiya. Social Capital Hedosophia, formed by Palihapitiya’s Social Capital and venture capital firm Hedosophia in 2017, will invest $800 million for a 49% stake in the combined company. The firm will have an enterprise value of $1.5 billion, Virgin Galactic said.

…Branson’s space venture would be the first publicly-listed human spaceflight firm, with the stock market listing slated to take place in the second half of 2019.

Branson had been in talks with Palihapitiya since he suspended talks over a Saudi investment in his space companies last year. Riyadh had planned to invest a total of $1 billion into Virgin Galactic and Virgin Orbit, which focuses on small satellites, but the deal fell through over the murder of journalist Jamal Khashoggi.

Branson was the person who said the Saudis backed out because of Khashoggi, but I personally do not believe that story. What I think happened was that, after 15 years of empty promises and no tourist flights, the Saudis suddenly realized that Virgin Galactic was a bad investment, and backed out. Branson now needs cash to keep the company afloat.

I am honestly unfamiliar with the ways of Wall Street. I do not know whether being “publicly listed” means the stock will be available for trade. If so, I expect the stock value to quickly plunge.

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3 comments

  • kyle

    Chamath Palihapitiya is an original from facebook. Very successful investor, holds investments for the longterm. If he is putting almost 1b in investment its because he believes in the business.

  • MDN

    I find the math curious. Who puts up $800M for a 49% stake of a supposedly $1.5B venture? That’s a $50M loss at day one, so seems kind of dumb to me.

  • wayne

    MDM–
    He’ll extract most of his profit at the IPO

    Mr. Z., from the WSJ article July 9.

    “SPACs typically have two years to use capital they raise to *buy a company and take it public.* Social Capital Hedosophia has been trading on the New York Stock Exchange since September 2017 and is nearing the end of the time allotted to purchase a company.”

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