Richard Branson is taking Virgin Galactic public

London (CNN Business)Richard Branson is bringing Virgin Galactic to the stock market. The startup’s current management team will stay in place after the merger, and, as part of the deal, existing investors in Galactic are being offered a combination of SCH stock and cash. Galactic’s primary backers are Branson and his own Virgin Group, a UK-based investment and branding company that functions like his private wealth management firm. SCH’s stock was up nearly 3% on Tuesday. Looking ahead Galactic has yet to fly a mission for paying customers, but the…

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