Richard Branson considers selling $500m stake in Virgin Galactic
‘This is the most significant crisis the world has experienced in my lifetime’
New York — Richard Branson is considering selling more than a quarter of his stake in Virgin Galactic, a move that would provide about $500m to support his broader Virgin business empire.
Branson’s Virgin Group may sell as many as 25-million shares in the space-travel firm, with the proceeds going to his leisure and travel businesses, according to a statement Monday. He owns 92.6 million shares of Virgin Galactic worth about $1.9 billion, his biggest holding in a listed business...