Virgin Galactic founder Sir Richard Branson. Photo: Jim Watson/AFP via Getty Images

Virgin Galactic is set to hit the New York Stock Exchange on Monday after its merger with venture capitalist Chamath Palihapitiya's special purpose vehicle was approved by company shareholders, CNBC reports.

Why it matters: The approval means Virgin Galactic will become the first human spaceflight and space tourism company to be publicly traded on the stock market.

Background: Virgin Galactic's spacecraft can carry up to six passengers along with two pilots up to the edge of space. The flights go for about $250,000 per person, with 603 members of the public already on a waitlist to fly.

The company's merger with former Facebook senior executive Palihapitiya's company Social Capital Hedosophia was announced back in May.

  • Social Capital Hedosophia took a 49% stake in Virgin Galactic, giving the company a $1.5 billion valuation.
  • Virgin Galactic Founder Sir Richard Branson retained a 51% controlling stake.

Go deeper: Richard Branson's Virgin Galactic is going public

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Senate to vote on Amy Coney Barrett's confirmation on Oct. 26

Senate Majority Leader Mitch McConnell in the Capitol on Oct. 20. Photo: Stefani Reynolds/Getty Images

The Senate will vote to confirm Judge Amy Coney Barrett to the Supreme Court next Monday, Oct. 26, Majority Leader Mitch McConnell (R-Ky.) announced Tuesday.

The big picture: The Senate Judiciary Committee will vote this Thursday to advance Barrett's nomination to the full Senate floor. Democrats have acknowledged that there's nothing procedurally they can do to stop Barrett's confirmation, which will take place just one week out from Election Day.

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Americans feel Trump's sickness makes him harder to trustFlorida breaks record for in-person early voting.
  2. Health: The next wave is gaining steam.
  3. Education: Schools haven't become hotspots.
  4. World: Ireland moving back into lockdown — Argentina becomes 5th country to report 1 million infections.

Meadows confirms Trump's tweets "declassifying" Russia documents were false

Photo: Tom Williams-Pool/Getty Images

White House Chief of Staff Mark Meadows confirmed in court on Tuesday that President Trump's tweets authorizing the disclosure of documents related to the Russia investigation and Hillary Clinton's emails "were not self-executing declassification orders," after a federal judge demanded that Trump be asked about his intentions.

Why it matters: BuzzFeed News reporter Jason Leopold cited the tweets in an emergency motion seeking to gain access to special counsel Robert Mueller's unredacted report as part of a Freedom of Information Act request. This is the first time Trump himself has indicated, according to Meadows, that his tweets are not official directives.