
Virgin Galactic
Acquired
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Navigating the SPAC Journey of Virgin Galactic
This chapter explores Virgin Galactic's strategic maneuvers as it navigates a significant deal involving a Saudi sovereign wealth fund amid geopolitical challenges. It delves into Richard Branson's withdrawal, the ensuing partnership with Chamath Palihapitiya, and the evolution of SPACs as an alternative to traditional IPOs. Furthermore, the chapter discusses Virgin Galactic's financial intricacies and operational hurdles following its IPO, especially in light of the pandemic's impact on space tourism.
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