Virgin Galactic is preparing to become the first publicly traded spaceflight company, and the venture is setting a course to be profitable by August 2021, which would put it lightyears ahead of the profitability projections of another transportation-based company that simply moves people around on Earth: Uber.
The Wall Street Journal reports that Virgin Galactic is merging with Social Capital Hedosophia Holdings (SCH), which will take a 49 percent stake and invest about $800 million into the space tourism endeavor.
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