Live Breaking News & Updates on Bloomberg television front row

Stay informed with the latest breaking news from Bloomberg television front row on our comprehensive webpage. Get up-to-the-minute updates on local events, politics, business, entertainment, and more. Our dedicated team of journalists delivers timely and reliable news, ensuring you're always in the know. Discover firsthand accounts, expert analysis, and exclusive interviews, all in one convenient destination. Don't miss a beat — visit our webpage for real-time breaking news in Bloomberg television front row and stay connected to the pulse of your community

Virgin Galactic shares tumble after chairman sells $213 million stake

SHARE
Virgin Galactic Holdings tumbled on Friday after its billionaire chairman Chamath Palihapitiya offloaded shares worth about $213 million in the space-tourism company founded by Richard Branson.
Mr Palihapitiya, 44, who has helped drive the frenzied growth of blank-cheque companies, disposed of 6.2 million shares at an average price of $34.32 this week, based on a filing with the US Securities and Exchange Commission.
He still owns 15.8 million shares with his partner Ian Osborne through investment company Social Capital Hedosophia, amounting to about a 6.5 per cent stake.
Mr Palihapitiya previously sold shares worth almost $100m in December, filings show.
The latest transaction allows him to fund an investment to help fight climate change, he said.

Palihapitiya-spacs , George-whitesides , Ian-osborne , Richard-branson , Colin-kaepernick , Chamath-palihapitiya , Paul-ryan , Virgin-galactic , Capital-hedosophia-holdings , Reuters , Exchange-commission , Clover-health

Virgin Galactic Chairman Sells $213 Million Stake

Virgin Galactic Chairman Sells $213 Million Stake
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

New-york , United-states , New-york-stock-exchange , George-whitesides , Ian-osborne , Richard-branson , Colin-kaepernick , Chamath-palihapitiya , Paul-ryan , Bloomberg-chamath-palihapitiya , York-stock-exchange , Virgin-galactic