Apparently Virgin Galactic is going public, via a SPAC currently traded as (NYSE: IPOA). The SPAC is a Cayman Islands shell capitalized with US$708 million cash waiting to be invested by its control owner, Chamath Palihapitiya. Before the Virgin Galactic announcement IPOA was pretty much trading at salvage value (it has a designated 2 year … Continue reading Virgin Galactic thoughts