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Virgin Galactic debuts its first third-generation spaceship, 'VSS Imagine' – TechCrunch techcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcrunch.com Daily Mail and Mail on Sunday newspapers.
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.
Whitesides steps down from Virgin Galactic as stock price crashes abqjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abqjournal.com Daily Mail and Mail on Sunday newspapers.
Press release content from Business Wire. The AP news staff was not involved in its creation. Virgin Galactic Announces Aerospace Systems and Engineering Leadership Appointments February 25, 2021 GMT LAS CRUCES, N.M.--(BUSINESS WIRE)--Feb 25, 2021-- Virgin Galactic Holdings, Inc. (NYSE: SPCE), a vertically integrated aerospace and space travel company, today announced the appointments of Swami Iyer as its President of Aerospace Systems and Stephen Justice as its Vice President of Engineering. As President of Aerospace Systems, Iyer will lead our extraordinary team of engineers, designers, technicians, and support teams who are building the fleet of vehicles and designing the future opportunities that underpin our business. Iyer has over twenty years of experience in commercial and highly classified aerospace, defense and cyber industries. Prior to his appointment at Virgin Galactic, Iyer was President of GKN Advanced Defense Systems. He has also managed businesses across advanced classified aircraft, hypersonic, and space programs while serving in previous leadership roles at Honeywell Aerospace, Ultra Electronics and IAI.