Finance

Virgin Galactic deal sparks interest in obscure investment vehicle

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Sir Richard Branson walks around the new Virgin Galactic SpaceShipTwo at its roll out in the Mojave Desert, about a year and a half after Virgin’s last rocket plane broke into pieces and killed the test pilot.

Al Seib | Los Angeles Times | Getty Images

There’s lots of excitement that tech superstar Chamath Palihapitiya’s Social Capital Hedosophia is buying a 49% stake (roughly $800 million) in Virgin Galactic to do space flights. The excitement is partly due to the investment — space —unconventional but exciting, but also due to the fact that Social Capital may be one of the more successful SPAC investments, a previously boring area that has become, along with IPOs, a hot investment…



Source cnbc.com

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