If You Invested $10,000 in Virgin Galactic When It Went Public, This Is How Much You Would Have Today
Virgin Galactic didn't enter the public markets the normal way, with an initial public offering (IPO). It was bought by a special purpose acquisition corporation, or SPAC, in late 2019. A SPAC has already issued shares to the public and is sitting on a pile of cash that has been entrusted to management for future investment.