The Presidential Daily Brief

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  1. Richard Branson

    Richard Branson’s Virgin Galactic Goes Public

    With a $800 million investment from a special-purpose acquisition company, the space tourism firm will become the world’s first publicly traded spaceflight company. The deal, announced today, is a welcome step for a pioneering company that was dealt a setback in 2014 when a SpaceShipTwo test flight accident left one pilot dead and another seriously injured.

    Why does it matter? The investment could provide Branson’s company a much-needed cash injection as it seeks to compete with similar ventures from Jeff Bezos and Elon Musk.

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