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Business Matters: Virgin Galactic rockets on New York Stock Exchange

Scaled Composites White Knight Two

29/10/2019 GMT

Virgin Galactic rockets on New York Stock Exchange

BBC World Service - Business Matters, Virgin Galactic rockets on New York Stock Exchange

The company offering tourist flights to space rose as much as 10% on its debut

Virgin Galactic is racing with Elon Musk's SpaceX and Jeff Bezos's Blue Origin to be the first company to send fee-paying passengers into space.

Virgin Galactic had its first day as a listed company in New York. At their peak, shares rose just over 10%. Founded in 2004, Virgin Galactic has spent more than $1bn developing its programme, which is years behind schedule and took a hit after a fatal accident in 2014. We explore the future for this fledgling industry with Chief Executive George Whitesides. Meanwhile, Google is reported to be in talks to buy Fitbit. We speak to Carolina Milanesi, tech analyst at Creative Strategies. And how the world should prepare for the onslaught of so-called 'deep fakes' - the computer generated videos that allow the nefarious to put words in the mouths of the famous. (Picture Credit: Getty Images)

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