Richard Branson sells Virgin Galactic stake worth $300 million


Sir Richard Branson waves out the window of spacecraft VSS Unity before launching on July 11, 2021.

Virgin Galactic

Virgin Galactic founder Sir Richard Branson sold more of his ownership of the space tourism company this week, dumping another huge stake to fund his other ventures.

Branson, through his Virgin Investments group, sold 10.4 million shares of Virgin Galactic this week at various prices, ranging between $25.75 a share and $34.39 a share, according to an SEC filing. The stake was worth $300 million in total, according to

Shares of Virgin Galactic slid as much as 3% in trading on Friday from its previous close of $25.94 a share.

A Virgin Group statement said that…


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