Feb 28, 2020 - Economy

Social Capital files for two more blank check company IPOs

Photo: Scott Heins/Getty Images

VC firm Social Capital has filed to take public two more special purpose acquisition corporations ("blank check companies"), aiming to raise at least $300 million and $600 million respectively, according to new SEC filings.

Why it matters: Social Capital and partner Hedosophia first executed this unusual move a couple of years ago, culminating with the vehicle's acquisition of Virgin Galactic last year, taking the private space exploration company public at a valuation of about $1.5 billion.

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