Virgin Galactic stocks go public on October 28
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.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
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.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
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.
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