
Virgin Galactic (SPCE) Stock Up 1% Now, Ahead of Proposed Ark Space Exploration ETF
Other firms, besides Virgin Galactic, like Maxar Technologies and Momentus, also have the chance of being included in the ETF.
British business magnate, investor, author and philanthropist.
Sir Richard Charles Nicholas Branson is a British business magnate, investor, author and philanthropist. He founded the Virgin Group in the 1970s, which controls more than 400 companies in various fields.
Branson expressed his desire to become an entrepreneur at a young age. His first business venture, at the age of 16, was a magazine called Student. In 1970, he set up a mail-order record business. He opened a chain of record stores, Virgin Records – later known as Virgin Megastores – in 1972. Branson’s Virgin brand grew rapidly during the 1980s, as he started Virgin Atlantic airline and expanded the Virgin Records music label. In 2004, he founded spaceflight corporation Virgin Galactic, based at Mojave Air and Space Port, noted for the SpaceShipTwo suborbital spaceplane designed for space tourism.
In March 2000, Branson was knighted at Buckingham Palace for “services to entrepreneurship”. For his work in retail, music and transport (with interests in land, air, sea and space travel), his taste for adventure, and for his humanitarian work, he has become a prominent global figure. In 2007, he was placed in the Time 100 Most Influential People in The World list.
In April 2020, Forbes listed Branson’s estimated net worth at US$4.4 billion.
Virgin Group Ltd.
Tue, Jul 18th, 1950
British
Stowe School
Scaitcliffe School
Virgin Group Ltd. - Founder
Other firms, besides Virgin Galactic, like Maxar Technologies and Momentus, also have the chance of being included in the ETF.
Two prominent space exploration companies including SpaceX and Virgin Galactic are both at the forefront of developing space crafts for commercial purposes.
Richard Branson’s Virgin Orbit that specializes in small satellite launches is looking for a fresh round of funding that could raise the company valuations to $1 billion.
At the time of writing, as the market opened, Virgin Galactic (SPCE) shares are 19.26% up, trading at $19.60.
The latest TransferWise’s valuation totaled $5 billion, after the secondary share sale that saw investors buy equity from employees and early backers. However, the company has not yet been listed on an exchange.