Tuesday , February 18 2020
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Virgin Galactic channels Thomas Piketty

Summary:
Virgin Galactic, Richard Branson’s long-running attempt to fulfil a boyhood fantasy, is going public. By merging with Social Capital Hedosophia, a cash shell run by thin-skinned venture capitalist Chamath Palihapitiya — a man who, we should note, believes Tesla’s convertible bonds are a “riskless option on the Edison of our generation” — investors will be able to buy equity in a company that aims to make space travel quotidian.The investment deck for the company, which can read here, is quite something. Among glistening computer-generated renders of its New Mexico-based space port are slides enticing Joe Public to stump up cash because, erm, you can’t invest in Jeff Bezos’ Blue Origin: There’s also talk of Virgin Galactic “commercialising a new generation of spaceships to open space for

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Virgin Galactic, Richard Branson’s long-running attempt to fulfil a boyhood fantasy, is going...

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