Virgin Galactic dealmaker defies IPO lull with $720 million blank-check deal

Virgin Galactic dealmaker defies IPO lull with $720 million blank-check deal

NEW YORK (Reuters) – Virgin Galactic Holdings Inc (SPCE.N) 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. FILE PHOTO: Chamath Palihapitiya, Founder and CEO of Social Capital, presents during the 2018 Sohn Investment Conference in New […]