The Virgin Galactic reverse merger is part of a bold movement into SPACs. Virgin Galactic merged with a SPAC shell company formed and taken public by Social Capital Hedosophia (SCH), one of currently six SPAC shell companies listed on the NYSE and lined up for such reverse mergers - see http://www.socialcapitalhedosophiaholdings.com/docsb.html and https://www.sec.gov/Archives/edgar/data/1801169/000110465920027165/tv537453-ipobs1.htm. SCH is a San Francisco based SPAC-Factory headed by Chamath Palihapitiya and Ian Osborne.