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Virgin Galactic
Acquired
Virgin Galactic Becomes a Publicly Traded Company With About Two Point Three Billion Dollars
The deal includes virgin galactic and the spaceship company, which is now as wholly owned subsidiary. Virgin gets four hundred and fifty million dollars in new cash to the balance sheet after transaction fees on the two hundred seventy four million buying out insiders. When the dust settles, virgin galactic s p c e is now publicly traded, at the end of the first day of trading, worth about two point three billion dollars on the public markets....
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