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2021-08-13
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Richard Branson Sells $300 Million Stake in Virgin Galactic
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Branson, 71, remains Virgin Galactic’s biggest shareholder. The company’s shares fell 4.3% to $24.82 at 5:58 a.m. in early New York trading.</p>\n<p>The sale marks Branson’s first since histest flightto space last month on a Virgin Galactic plane. In April, hesoldabout $150 million in stock to support his other businesses andraisedmore than $300 million during the first half of 2020 following the global outbreak of Covid-19.</p>\n<p>Virgin Atlantic Airways Ltd., the airline majority owned by Branson’s group, is nowconsideringa public offering in London after receiving a 1.2 billion-pound (1.7 billion)rescue packagelast year that included about 200 million pounds from Branson.</p>\n<p>Virgin Galactic is planning to debut tourism trips next year, adding space travel to Branson’s track record that ranges from record labels to soft drinks. The Virgin brand he founded as a mail-order retailer in 1970 has since become linked to more than 40 businesses worldwide, including British bank Virgin MoneyUKPlc. Branson has a net worth of about $6.5 billion, according to theBloomberg Billionaires Index.</p>\n<p>Las Cruces, New Mexico-based Virgin Galactic’s stock has tumbled about 56% from a February peak, partly due to the companyplanninga dilutive capital raise. Still, the shares have more than doubled since the firm began trading publicly after merging in 2019 with a special purpose acquisition company set up by Chamath Palihapitiya.</p>\n<p>Palihapitiya, Virgin Galactic’s chairman and another large holder,sold$213 million in Virgin Galactic stock in March.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Richard Branson Sells $300 Million Stake in Virgin Galactic</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRichard Branson Sells $300 Million Stake in Virgin Galactic\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-13 19:36 GMT+8 <a href=https://www.bloomberg.com/news/articles/2021-08-13/richard-branson-offloads-300-million-stake-in-virgin-galactic><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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.\nThe billionaire offloaded ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-13/richard-branson-offloads-300-million-stake-in-virgin-galactic\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCE":"维珍银河"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-13/richard-branson-offloads-300-million-stake-in-virgin-galactic","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185158196","content_text":"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.\nThe 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 regulatoryfiling.\nThe proceeds will support Branson’s travel and leisure businesses, as well as help develop new and existing ventures, a Virgin Group representative said. Branson, 71, remains Virgin Galactic’s biggest shareholder. The company’s shares fell 4.3% to $24.82 at 5:58 a.m. in early New York trading.\nThe sale marks Branson’s first since histest flightto space last month on a Virgin Galactic plane. In April, hesoldabout $150 million in stock to support his other businesses andraisedmore than $300 million during the first half of 2020 following the global outbreak of Covid-19.\nVirgin Atlantic Airways Ltd., the airline majority owned by Branson’s group, is nowconsideringa public offering in London after receiving a 1.2 billion-pound (1.7 billion)rescue packagelast year that included about 200 million pounds from Branson.\nVirgin Galactic is planning to debut tourism trips next year, adding space travel to Branson’s track record that ranges from record labels to soft drinks. The Virgin brand he founded as a mail-order retailer in 1970 has since become linked to more than 40 businesses worldwide, including British bank Virgin MoneyUKPlc. Branson has a net worth of about $6.5 billion, according to theBloomberg Billionaires Index.\nLas Cruces, New Mexico-based Virgin Galactic’s stock has tumbled about 56% from a February peak, partly due to the companyplanninga dilutive capital raise. Still, the shares have more than doubled since the firm began trading publicly after merging in 2019 with a special purpose acquisition company set up by Chamath Palihapitiya.\nPalihapitiya, Virgin Galactic’s chairman and another large holder,sold$213 million in Virgin Galactic stock in March.","news_type":1},"isVote":1,"tweetType":1,"viewCount":80,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/894764325"}
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