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written by reader Social Capital Hedosophia Holdings

By antoniusb, July 9, 2019

Not as much movement on this as one would expect with the big announcement merging with Virgin Galactic and Branson announcing private space flights by the end of the year. What are thoughts about the movement of the stock price (IPOA) both in the short and mid/long term?

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Travis Johnson, Stock Gumshoe

Planning to take a look at this one later in the week — it did give the warrants some life, as you’d expect, but the stock not so much… I expect that’s probably mostly because they’re likely to raise more money by selling equity in the relatively near future, and it’s not going to be a profitable business for a long time, SPAC’s rarely “run up” before conversion, but we’ll see. You never now what will catch the fascination of investors, and both Branson and Palahapitiya are attention-attracting folks.

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