• Richard Branson Dumps More Virgin Galactic Shares to Save His Travel Empire

    10 days ago - By Observer

    Richard Branson's space tourism business might be booming-Virgin Galactic has sold 100 more tickets since August despite a steep price increase-but the rest of his Virgin travel empire is still grappling with the impact of COVID-19.
    Since the pandemic began, Branson has sold more than $1 billion of Virgin Galactic stock, according to data compiled by Bloomberg, to save his travel empire.
    Last week, Branson offloaded 15.6 million of Virgin Galactic shares at $19.25 apiece through a company he controls called Virgin Investments Limited, according to an SEC filing on Monday. The stake...
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