Virgin Galactic Becomes a Space Tourism Stock
Famed gonzo journalist Hunter S. Thompson once said we shouldn’t journey through life tiptoeing around everything but rather should reach the end and “skid in broadside, thoroughly used up, totally worn out, and loudly proclaiming, Wow what a ride!” It’s not often you get to live that sort of life while also becoming one of the richest people in the world, but somehow British business magnate Richard Branson has managed to do just that. Over the years of building his Virgin Group empire, he’s set ambitious world records like the fastest Atlantic Ocean crossing in a sailboat, the fastest crossing of the English Channel in an amphibious vehicle, and the fastest crossing of the Pacific in a hot air balloon. It’s easy to see why you’d want to invest in a risk-taker like Richard Branson, a man who details 76 near-death experiences in his autobiography Finding My Virginity. When we heard his space tourism venture, Virgin Galactic, begins trading on Monday, we had to take a closer look.
About Social Capital
Our story starts with a company we highlighted back in August 2017 called “Social Capital.” Long story short, a fellow named Chamath Palihapitiya wanted to revolutionize the traditional IPO process by establishing a holding company that was supposed to “help startups go public withou
