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

    2 monthes ago - By Business Insider

    Chamath Palihapitiya
    Brian Ach/Getty Images for TechCrunch
    Virgin Galactic stock fell by nearly 9% early Friday after chairman Chamath Palihapitya sold his personal stake.
    Palihapitya netted $211 million after selling 6.2 million shares.
    The billionaire chairman still holds an indirect stake in the space tourism company.
    Visit the Business section of Insider for more stories .
    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...
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  • Investor Chamath Palihapitiya cashed out his entire personal stake in Virgin Galactic for $211 million

    2 monthes ago - By Business Insider

    Chamath Palihapitiya.
    Getty Images
    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...
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