Virgin Galactic stocks go public on October 28


Pioneer cover

From the press release: From the moment he is handed a possibility of making the first alien contact, Saunders Maxwell decides he will do it, even if doing so takes him through hell and back.

 
Unfortunately, that is exactly where that journey takes him.

 
The vision that Zimmerman paints of vibrant human colonies on the Moon, Mars, the asteroids, and beyond, indomitably fighting the harsh lifeless environment of space to build new societies, captures perfectly the emerging space race we see today.


He also captures in Pioneer the heart of the human spirit, willing to push forward no matter the odds, no matter the cost. It is that spirit that will make the exploration of the heavens possible, forever, into the never-ending future.

 
Available everywhere for $3.99 (before discount) at amazon, Barnes & Noble, all ebook vendors, or direct from the ebook publisher, ebookit.
 

Buyer beware: With the official completion of a merger of Virgin Galactic with the venture capital company Social Capital Hedosophia this week, it will be possible to buy stock in the company as early as Monday, October 28.

The space-tourism company run by billionaire Sir Richard Branson has been approved to merge with Social Capital Hedosophia, a venture capital firm that helps technology companies list on public markets, according to a Wednesday SEC filing from the company.

The merger is expected to close Friday. On Monday, Social Capital’s ticker, “IPOA,” will become Virgin Galactic’s, and trade under “SPCE.”

As I say, buyer beware. Virgin Galactic has spent fifteen years spending a lot of investment capital without achieving what it promised to do years ago, fly tourists on suborbital space flights. Along the way we’ve seen Richard Branson make a lot of exciting announcements about how he is about to fly in space, none of which ever happened. Instead, they crashed their spaceship, killing one pilot.

If you want to invest money in this company you should be aware of their so far poor track record.

Readers!
 

Every July, to celebrate the anniversary of the start of Behind the Black in 2010, I hold a month-long fund-raising campaign to make it possible for me to continue my work here for another year.
 

This year's fund-raising drive however is more significant in that it is also the 10th anniversary of this website's founding. It is hard to believe, but I have been doing this for a full decade, during which I have written more than 22,000 posts, of which more than 1,000 were essays and almost 2,600 were evening pauses.
 

This year's fund drive is also more important because of the growing intolerance of free speech and dissent in American culture. Increasingly people who don't like what they read are blatantly acting to blackball sites like mine. I have tried to insulate myself from this tyrannical effort by not depending on Google advertising or cross-posts Facebook or Twitter. Though this prevents them from having a hold on me, it also acts to limit my exposure.
 

Therefore, I hope you will please consider donating to Behind the Black, by giving either a one-time contribution or a regular subscription, as outlined in the tip jar below. Your support will allow me to continue covering science and culture as I have for the past twenty years, independent and free from any outside influence.


 

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2 comments

  • Dick Eagleson

    In a sense, Branson, et al, seem to be taking that old bit of boilerplate warning verbiage from financial services ads – “past performance is no guarantee of future results” – and trying to turn it into a weird sort of sales pitch.

  • Willi

    A few days of IPOA activity:
    10/25/2019 $11.79 6,461,498 $10.75 $11.81 $10.66
    10/24/2019 $10.60 2,224,608 $10.72 $10.805 $10.52
    10/23/2019 $10.50 1,777,669 $10.62 $10.62 $10.25
    10/22/2019 $10.52 1,677,444 $10.46 $10.92 $10.4211
    10/21/2019 $10.38 980,081 $10.41 $10.41 $10.36
    10/18/2019 $10.38 3,283,877 $10.38 $10.39 $10.34
    10/17/2019 $10.35 3,075,058 $10.36 $10.39 $10.35
    10/16/2019 $10.36 2,322,148 $10.42 $10.42 $10.35

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