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🔥 — Today we'll discuss Virgin Galactic Acquisition Company (Ticker: $VGAC ), a SPAC introduced by billionaire businessman Richard Branson, exceptional track record and top-quality history execution. Branson has rumored that this SPAC will target the EV Sector, a booming sector that is red hot and the largest sector of disruptive innovation that is only at the tip of the iceberg, as this sector continues to push out conventional Fossil Fuels over the years. Branson announced that he would compete with Tesla & Elon Musk. Branson stated this back in March 2020, he likely sees the boom in the EV Sector, especially in names that should not be getting the notoriety that they are receiving currently and are extremely overvalued (Blink, Li, Xpeng, etc.) he likely feels that he wants to go to the markets now as this is the best time and he may miss the boom. Branson’s first experience with SPACs came when he partnered with Chamath to take Virgin Galactic Holdings to the market (Ticker: $SPCE), which reached a high of $42.49. Branson has developed a relationship with notable EV company Envision Group through Virgin Racing, Envision Virgin Racing.
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