Virgin Galactic dealmaker defies IPO lull with $720 million blank-check deal [Yahoo! Finance News]
Virgin Galactic Holdings, Inc. (SPCE)
Company Research
Source: Yahoo! Finance News
FILE PHOTO: Chamath Palihapitiya, Founder and CEO of Social Capital, presents during the 2018 Sohn Investment Conference in New YorkBy Joshua FranklinNEW YORK ) - Virgin Galactic Holdings Inc Chairman Chamath Palihapitiya on Tuesday raised $720 million for a new blank-check company, 20% more than its original target, after the coronavirus crisis upended plans last month.The IPO represents a rare example of a stock market debut braving the volatility fueled by the economic fallout of the pandemic. Only two IPOs have priced so far in April, compared to 14 a year ago, according data provider IPO Boutique. Both were biotechnology firms, a sector with a more specialized investor base.Palihapitiya's new firm, Social Capital Hedosophia Holdings Corp III , is a so-called special purpose acquisition company SPAC) that will use the IPO proceeds to buy a company in the technology sector, primarily outside of the United States.SPACs are typically more resilient to market jitters, because that th
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SPCE
News
- Joan Branson, wife of British billionaire Richard Branson, dies at 80 [CNN]CNN
- Joan Branson, wife of British billionaire Richard Branson, dies at 80 [CNN]CNN
- Joan Branson, wife of British billionaire Richard Branson, dies at 80 [Yahoo! Finance Canada]Yahoo! Finance Canada
- Billionaire Richard Branson mourns his wife and partner of 50 years, Joan: ‘She was my best friend, my rock, my guiding light, my world' [Fortune]Fortune
- Richard Branson confirms death of wife Joan: 'My best friend, my rock' [FOX Business Network]FOX Business Network
SPCE
Earnings
- 11/13/25 - Beat
SPCE
Sec Filings
- 10/22/25 - Form 4
- 10/8/25 - Form 4
- 10/8/25 - Form 4
- SPCE's page on the SEC website