Branson Sold $41 Million of Virgin Galactic Shares Last Week
This article is for subscribers only.
Richard Branson’s Vieco 10 investment company offloaded about 2% of its stake in Virgin Galactic Holdings Inc. last week as the billionaire looks to support his broader business empire.
Vieco 10 sold 2.6 million shares in the space-travel firm for $41 million, according to a regulatory filing Monday. Branson’s Virgin Group owns 81% of Vieco 10, with the balance held by Aabar Space, an Abu Dhabi investment company. Vieco 10 still owns about 112 million shares of Virgin Galactic and has previously said it could sell up to 25 million.