Virgin Galactic has become the first space-tourism enterprise to go public following its trading on the New York Stock Exchange. The listing saw the company’s shares jump 5.1% on its first–day trading on Monday 28 October. The 5.1% jump comes after the firm’s shares rose 11% on Friday upon news that a merger had taken place with a currently trading shell investment company, Social Capital Hedosophia – owned by Sri Lanka-born Chamath Palihapitiya. The founder of Social Capital’s Hedosophia will contribute $100 million to the venture and become Virgin Galactic’s chairman. According to Virgin Galactic, the public offering, which involves

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