Planned Float on NYSE For "Innovative and Agile" Virgin Galactic

Sir Richard Branson announced this move would "open space to more investors" and in doing so "thousands of new astronauts". Virgin Galactic is already merged with public firm Social Capital Hedosophia (which has shares and warrants on the NYSE and invests in "innovative and agile technology companies"), making its listing process simpler. Hedosophia shares jumped 11% in anticipation.

VG was founded in 2004 and has so far invested more than $1bn in its development program. Flights to space will be charged at $250,000 a ticket.

Operationally, VG conducts its manufacturing, design and test from purpose built facilities in California and New Mexico.

Spaceport America New Mexico, the world's first purpose-built commercial spaceport, on an 18,000 acre site, is the launchpad for its planned operations (also used by Boeing and UP Aerospace).

Blackstone Real Estate Buys Out the Bellagio

BREIT (Blackstone Real Estate Investment Trust) has formed a joint venture to buy out Bellagio Real Estate for $4.25 billion. The joint venture owns the property and receives rent payments. MGM Resorts will lease back the property and be responsible for all capital expenditures. Blackstone President and COO, Jon Gray, remarked his team were "big believers in MGM Resorts and Las Vegas". JP Morgan was financial advisor to MGM Resorts. Citigroup and Morgan Stanley were finanical advisors to BREIT.