Virgin Galactic completed its $1.5bn merger with Social Capital Hedospia.

Virgin Galactic, a spaceflight company within the Virgin Group, completed its $1.5bn merger with Social Capital Hedospia, a public investment vehicle sponsored by Social Capital and Hedosophia. “Great progress in our test flight program means that we are on track for our beautiful spaceship to begin commercial service. By embarking on this new chapter, at this advanced point in Virgin Galactic’s development, we can open space to more investors and in doing so, open space to thousands of new astronauts. We are at the dawn of a new space age, with huge potential to improve and sustain life on Earth. I am delighted that SCH has decided to become such an important part of our amazing journey. They share our dreams and together we will make them reality,” Richard Branson, VG Founder.