Virgin Galactic (Social Capital Hedosophia) ^{Priced, NYSE: SPCE}

Social Capital Hedosophia is a partnership between the investment firms of Social Capital and Hedosophia. Our mission is to create an alternative path to a traditional IPO for disruptive and agile technology companies to achieve their long-term objectives and overcome key deterrents to becoming public. We believe that our management team's relationships with leading technology company founders, executives of private and public companies, venture capitalists and growth equity fund managers, in addition to the extensive industry and geographical reach of Social Capital and Hedosophia's networks will give us a competitive advantage in pursuing a broad range of opportunities. As of May 2017, we estimate there are approximately 150 private U.S. technology companies with a valuation, as of the last round of financing, in excess of $1.0 billion, commonly referred to as "unicorns." Our management team believes that its ability to identify and implement value creation initiatives will remain central to its differentiated acquisition strategy.