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Richard Branson's Virgin Galactic soars before crashing to earth in NYSE debut

Sir Richard Branson rings bell on floor of New York Stock Exchange as Virgin Galactic (SPCE)

(Reuters) - Richard Branson-backed Virgin Galactic Holdings Inc fetched a valuation of around $2.3 billion (£1.79 billion) on its market debut on Monday, after shares in the first publicly traded space tourism company popped before fizzling out. The listing for Branson's Virgin Galactic is a crucial step for the Brit as he competes with fellow billionaires Elon Musk and Jeff Bezos in the budding space tourism market. UBS, an investment bank, has estimated that the business of outer-orbit..

Date Published: Oct 28, 2019

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Photo Gallery

Virgin Galactic (SPCE) logo is displayed on a screen on the floor of the NYSE in New York

Sir Richard Branson rings bell on floor of New York Stock Exchange as Virgin Galactic (SPCE)

Sir Richard Branson rings bell on floor of New York Stock Exchange as Virgin Galactic (SPCE)

A model of a Virgin Galactic SpaceShipTwo is seen on floor of New York Stock Exchange as Virgin

A model of a Virgin Galactic SpaceShipTwo is seen on floor of New York Stock Exchange as Virgin

A model of a Virgin Galactic SpaceShipTwo is seen on floor of New York Stock Exchange as Virgin

A model of a Virgin Galactic SpaceShipTwo is seen on floor of New York Stock Exchange as Virgin

Sir Richard Branson rings bell on floor of New York Stock Exchange as Virgin Galactic (SPCE)

Sir Richard Branson rings bell on floor of New York Stock Exchange as Virgin Galactic (SPCE)

Sir Richard Branson poses on floor of New York Stock Exchange with Future space traveller

Sir Richard Branson poses on floor of New York Stock Exchange with Future space traveller

Sir Richard Branson poses on floor of New York Stock Exchange (NYSE) ahead of Virgin Galactic

Sir Richard Branson poses on floor of New York Stock Exchange (NYSE) ahead of Virgin Galactic

Sir Richard Branson stands outside the New York Stock Exchange (NYSE) ahead of Virgin Galactic

Sir Richard Branson stands outside the New York Stock Exchange (NYSE) ahead of Virgin Galactic

Sir Richard Branson stands on floor of New York Stock Exchange (NYSE) ahead of Virgin Galactic

Sir Richard Branson stands on floor of New York Stock Exchange (NYSE) ahead of Virgin Galactic

Sir Richard Branson poses outside of the New York Stock Exchange (NYSE) ahead of Virgin

Sir Richard Branson poses outside of the New York Stock Exchange (NYSE) ahead of Virgin

Sir Richard Branson poses outside of the New York Stock Exchange (NYSE) ahead of Virgin

Sir Richard Branson poses outside of the New York Stock Exchange (NYSE) ahead of Virgin

Sir Richard Branson poses outside of the New York Stock Exchange (NYSE) ahead of Virgin

Sir Richard Branson poses outside of the New York Stock Exchange (NYSE) ahead of Virgin

Sir Richard Branson poses outside of the New York Stock Exchange (NYSE) ahead of Virgin

Sir Richard Branson poses outside of the New York Stock Exchange (NYSE) ahead of Virgin

A banner hangs on the outside of the New York Stock Exchange (NYSE) ahead of Virgin Galactic

A banner hangs on the outside of the New York Stock Exchange (NYSE) ahead of Virgin Galactic

Sir Richard Branson stands outside the New York Stock Exchange (NYSE) ahead of Virgin Galactic

Sir Richard Branson stands outside the New York Stock Exchange (NYSE) ahead of Virgin Galactic

Sir Richard Branson stands outside the New York Stock Exchange (NYSE) ahead of Virgin Galactic

Sir Richard Branson stands outside the New York Stock Exchange (NYSE) ahead of Virgin Galactic

Sir Richard Branson stands outside the New York Stock Exchange (NYSE) ahead of Virgin

Sir Richard Branson stands outside the New York Stock Exchange (NYSE) ahead of Virgin

Sir Richard Branson stands outside the New York Stock Exchange (NYSE) ahead of Virgin

Sir Richard Branson stands outside the New York Stock Exchange (NYSE) ahead of Virgin

Sir Richard Branson stands outside the New York Stock Exchange (NYSE) ahead of Virgin

Sir Richard Branson stands outside the New York Stock Exchange (NYSE) ahead of Virgin

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