Monday, May 11, 2020

Richard Branson to Sell up to 12 Percent Stake in Virgin Galactic

Virgin Galactic

The VSS Unity craft flies during a supersonic test flight on May 29, 2018. As Virgin Galactic moves toward starting operations, nearly 8,000 people have registered their interest. Virgin Galactic



Skift Take: Virgin Group will sell about $500 million shares in Virgin Galactic, the space-tourism venture, to raise funds for its other travel businesses. The move by owner Richard Branson signals the wallop still awaiting space tourism and travel generally.

— Sean O'Neill

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* This article was originally published here

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