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0.0546500479386386 0.0546500479386386 0.198465963566635 0.196548418024928 0.102588686481304 0.0479386385426654 0.0210930009587728 0.0354745925215725
Stock impact report

Virgin Galactic And Social Capital Hedosophia Announce Merger To Create The World's First And Only Publicly Traded Commercial Human Spaceflight Company

SOCIAL CAPITAL HEDOSOPHIA HOLDINGS CORP (IPOA) 
Company Research Source: PR Newswire
NEW YORK, July 9, 2019 /PRNewswire/ -- Virgin Galactic has developed a set of unique technologies designed to enable a safe and familiar flying experience for customers to go into space and become officially designated astronauts Virgin Galactic's technologies have created the first vehicle built for commercial service to put humans into space Virgin Galactic already has customer reservations from more than 600 people in 60 countries representing approximately $80 million in total collected deposits and $120 million of potential revenue  Virgin Galactic has already been granted its FAA commercial space launch license, and the New Mexico Spaceport has also received its Spaceport license Pro forma enterprise value of the merger is $1.5 billion and represents: 1.5x invested capital ($1 billion+ of capital invested to date) 2.5x estimated revenue for 2023 5.5x estimated EBITDA for 2023Social Capital Hedosophia Founder and CEO, Chamath Palihapitiya, will invest an additional $100 million i Show less Read more
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