Business

Virgin Galactic slips as billionaire chairman Chamath Palihapitya sells $211 million stake

1 month ago   |   By Business Insider

Summary List Placement Shares of Virgin Galactic slumped early Friday after billionaire chairman Chamath Palihapitiya sold his personal stake in the space-tourism company for $211 million.
Palihapitiya cashed out 6.2 million shares at an average price of $35, according to a filing with the Securities and Exchange Commission .
Virgin Galactic shares dropped as much as 8.7% as they hit $27.66 in heavy volume during premarket trade. The stock later pared the loss to 6.7%.
Palihapitiya, with his business partner Ian Osborne, still indirectly own 15.8 million shares via their investment...
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Chamath Palihapitiya sells remaining personal stake in Virgin Galactic, worth about $213 million

Chamath Palihapitiya sells remaining personal stake in Virgin Galactic, worth about $213 million

1 month ago   |   By CNBC

Virgin Galactic chairman Chamath Palihapitiya sold his remaining personal stake in the space tourism company earlier this week.
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Investor Chamath Palihapitiya cashed out his entire personal stake in Virgin Galactic for $211 million

Investor Chamath Palihapitiya cashed out his entire personal stake in Virgin Galactic for $211 million

1 month ago   |   By Business Insider

Summary List Placement
Chamath Palihapitiya cashed out his personal stake in Virgin Galactic this week.
The space-tourism group's chairman sold 6.2 million shares for about $211 million.
Palihapitiya still indirectly owns 15.8 million shares in Richard Branson's startup.
Visit the Business section of Insider for more stories .
Billionaire investor Chamath Palihapitiya sold his entire personal stake in Virgin Galactic this week, a regulatory filing revealed on Friday.
The space-tourism company's chairman cashed out his 6.2 million shares at an average price of $35, netting him around $211...
Read more ...

 




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