Skip to content

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
Video player cover image
Branson Calls VSS Unity Flight to Space ‘Just Magical’
Updated on

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.