Virgin Galactic celebrates first day on the New York Stock Exchange

Photo by Amelia Holowaty Krales/The Verge

Space tourism venture Virgin Galactic is now a publicly traded company, thanks to a reverse merger. The company’s billionaire founder, Richard Branson, was on hand at the New York Stock Exchange Monday morning to celebrate the public offering, along with firework shows and a giant banner of his eye adorning the outside of the building.

For its first day of trading, the company’s stock — under the ticker SPCE — was on the rise for a good part of the morning. Shares opened at $12.34, but ultimately closed at $11.75 — a .3 percent decrease.

Investors will decide if they want to put their money into a company focused on sending tourists to space

The question now is if public investors will put their money into a company focused on sending...

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from TV Aerial Installation Services Warrington https://www.theverge.com/2019/10/28/20936896/virgin-galactic-public-offering-nyse-spce-space-tourism
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