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Richard Branson Takes Stake in Pioneering Space-Investment Firm Seraphim

Billionaire acquires Seraphim holding as part of IPO
Stock will trade Wednesday, buoyed by run of space missions

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By Christopher Jasper

July 12, 2021 at 6:43 PM UTC

Updated on

July 13, 2021 at 7:11 AM UTC

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Richard Branson has acquired a stake in Seraphim Space Investment Trust Plc, the first venture capital fund focused on the space sector, as part of a 178 million-pound ($247 million) initial public offering.

The billionaire purchased stock in London-based Seraphim in a sale that closed Friday, Will Whitehorn, the company’s chairman, said in an interview Monday. He declined to disclose the size of the commitment.