Richard Branson splits up US$1.7b stake in Virgin Galactic

The Business Times | Aug 2, 2020 at 2:00 AM
  • Richard Branson has broken out assets of the firm that held his stake in Virgin Galactic Holdings, giving the British billionaire greater control of his most valuable listed holding.
  • Shares in the space-travel company worth about US$1.7 billion were distributed to a firm Mr Branson controls and to Aabar Space, an Abu Dhabi investment company.
  • Mr Branson previously held his stake in Virgin Galactic through a company called Vieco 10.