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Chamath Palihapitiya sells remaining personal stake in Virgin Galactic, worth about $213 million


Virgin Galactic leaders in front of the New York Stock Exchange, from left: CEO George Whitesides, founder Richard Branson and Chairman Chamath Palihapitiya.Virgin GalacticBillionaire investor Chamath Palihapitiya, the chairman of Virgin Galactic who took the company public through a SPAC deal in 2019, sold his remaining personal stake this week, a securities filing disclosed.Palihapitiya sold about 6.2 million Virgin Galactic shares on Tuesday and Wednesday, worth about $213 million at the average selling prices.He still indirectly owns about 15.8 million shares through Social Capital Hedosophia Holdings — the special purpose acquisition company that he formed with investor Ian Osborne.Virgin Galactic and …

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