CG: Virgin Galactic Prepares an Interstellar IPO
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 6 August 2019
⏱️ 33 minutes
🧾️ Download transcript
Summary
On July 9, Virgin Galactic, Richard Branson’s space tourism venture, announced plans to go public via a deal with Social Capital Hedosophia Holdings Corp., a special purpose acquisition company created by Social Capital CEO Chamath Palihapitiya. This represents the first time public investors will be able to invest directly in the recreational space industry. Motley Fool Contributor Luis Sanchez joins the podcast for the first time to break down the business, its financial prospects, and how it stacks up against the other major players in the industry, SpaceX and Blue Origin.
Stocks Mentioned: IPOA
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| 0:00.0 | Welcome to Industry Focus, the podcast that dives into a different sector of the stock market every day. |
| 0:07.0 | Today is Tuesday, August 6th, and we're breaking down the Virgin Galactic IPO. |
| 0:10.0 | I'm your host Nick Saipel, and today I joined by a telephone by Motley Fool contributor Louise Sanchez. |
| 0:14.6 | How's it going, Louise? |
| 0:16.4 | Hey, happy to be here. |
| 0:18.0 | That's great to have you. |
| 0:18.9 | You've been with the full since earlier in 2019. This is your first appearance on the podcast for folks |
| 0:25.1 | who might not have you know read any of your writing and obviously nobody has heard |
| 0:28.2 | you on the podcast. Why don't you kind of introduce our listeners kind of what's your |
| 0:31.2 | background and how you came to the Fool? |
| 0:33.5 | So yeah, Nick, I've been contributing to the Motley Fool's about February this year. |
| 0:40.0 | I have a very traditional finance background in that I went to school for finance, got my |
| 0:47.0 | undergraduate degree in finance and accounting, I spent time working and investment banking at two of the largest banks and I've also worked at |
| 0:56.0 | Edge Funds. |
| 0:58.0 | When I'm not writing for the Motley Fool, I also work as a financial advisor, primarily working with |
| 1:05.1 | individuals. And as far as investing, I'm most interested in corporate actions and long-term growth plays, which is what |
| 1:16.2 | basically what got me into researching the space industry. |
| 1:20.5 | Yeah, and that's what we're going to talk about today. |
| 1:23.0 | First off, you know, you've talked about investing in corporate actions and those sorts of things. |
| 1:27.3 | One of the, I guess, a type of corporate action touches this IPO we're going to talk about |
| 1:31.5 | today, which is an IPO via a special purpose |
| 1:34.5 | acquisition company commonly shortened to a SPAC. For folks who aren't |
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