Richard Branson Sells $300 Million Stake in Virgin Galactic
- Billionaire still biggest investor with 18% holding after sale
- Space tourism firm made its first passenger flight last month
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Richard Branson sold about $300 million in Virgin Galactic Holdings Inc. stock, tapping his biggest listed asset again to prop up his business empire during the pandemic.
The billionaire offloaded almost 10.5 million shares -- about 4% of the space-travel company -- through a company he controls, leaving him with an 18% stake, according to a regulatory filing.