Richard Branson to sell up to $500 million in Virgin Galactic shares to raise money to help his other businesses.

  • The Virgin Galactic filings were made on Monday and would include up to 25 million shares of Virgin Galactic common stock..
  • The company said, “Virgin intends to use any proceeds to support its portfolio of global leisure, holiday and travel businesses that have been affected by the unprecedented impact of COVID-19.”
  • Virgin Group’s airlines have been among those battered by the sharp decline in passenger air travel due to the coronavirus pandemic.