Virgin Galactic Chairman Dumps $200 Million Worth of Shares

Lou Whiteman, The Motley Fool

March 5, 2021 at 9:00 a.m.·2 min read

Virgin Galactic Chairman Dumps $200 Million Worth of Shares

Virgin Galactic Holdings (NYSE: SPCE) chairman Chamath Palihapitiya has sold a significant portion of his stake in the company, a move that is likely to further pressure shares of the space tourism start-up. According to a regulatory filing Palihapitiya sold 6.2 million shares at an average price of $34.32 per share, raising $213 million. Palihapitiya and Virgin Galactic helped kick off the wave of start-ups going public via special purpose acquisition companies, or SPACs.

Investor's Business Daily
Dow Jones Futures: Market Rally Holds Recent Gains; Reddit Leads 7 Earnings Movers Late
Bulls weren't running Tuesday, but they're still in charge. Reddit soared on its first post-IPO earnings report.
Yahoo Finance Video
Occidental Petroleum posts mixed Q1 results
Occidental Petroleum (OXY) reported mixed first quarter results on Tuesday after the market close. Adjusted earnings per share of $0.63 topped estimates of $0.58. Revenue, however, fell short of Street expectations, $5.98 billion versus the $6.62 billion estimate. Yahoo Finance's Ines Ferré breaks down the energy giant's results. This post was written by Stephanie Mikulich.
Business Insider
A recession in early 2025 could send the stock market tumbling 30%, strategist says
A recession in late 2024 or early 2025 could send the S&P 500 tumbling to around 3,600, BCA's Roukaya Ibrahim said.
Insider Monkey
20 Best Places to Retire in South Carolina in 2024
This article takes a look at the 20 best places to retire in South Carolina in 2024. If you wish to skip our detailed analysis on navigating your retirement journey, you may go to 5 Best Places to Retire in South Carolina in 2024. On Navigating Your Retirement Journey The market for “would-be” home-buyers remains […]
Charlotte Observer
Shooting victim testifies, then is shot at by same man after court, Tennessee cops say
The accused shooter is the boyfriend of the victim’s sister, according to Memphis police.
Reuters
Pfizer reports patient death in Duchenne gene therapy study
A young boy died due to a cardiac arrest in a mid-stage trial that tested Pfizer's experimental gene therapy for a muscle-wasting disorder called Duchenne muscular dystrophy (DMD), the drugmaker told Reuters on Tuesday. "A fatal serious adverse event was reported as cardiac arrest for a participant in the Phase 2 DAYLIGHT study," a company spokesperson told Reuters in an emailed response. The trial tested boys 2 years to less than 4 years of age with DMD, a genetic muscle wasting disorder in which most patients lack the protein dystrophin which keeps muscles intact.
The Telegraph
New York governor sorry for saying black children in the Bronx ‘don’t know what computers are’
The Democrat governor of New York has been forced to apologise after suggesting that black children in the city do not know what a computer is.
WWD
Jill Biden Favors Tailoring in Peter Pan Collar Dress and Pops in Vibrant Carolina Herrera Look for White House Engagements
The first lady donned different shades of blue for her public outings this week.
Yahoo Finance
The challenges facing TikTok as it confronts the US in court
TikTok made good on its promise to sue the US over a new law that could result in a ban of the video app in America. Its claims face a number of hurdles in US courts.
The Telegraph
Queen surprises schoolchildren as she opens 50th Coronation Library
The Queen surprised pupils as she visited their school to officially open a new Coronation Library.
Investor's Business Daily
Electronic Arts Misses March-Quarter Goals, Gives Weak Guidance
Video game publisher Electronic Arts missed Wall Street's targets for its fiscal fourth quarter and gave a soft outlook.
USA TODAY
Rabbi decries act of ‘senseless hatred' after dozens of headstones damaged at Jewish cemetery in NY
Rafi Spitzer, a rabbi in upstate in New York, hopes to reclaim the church's cemetery after over 80 headstones were recently vandalized.
Raleigh News and Observer
Wake school meal prices are likely to go up again. Here’s how much more they’ll cost.
Breakfast and lunch prices will rise, unless the school board opts to use other funds to cover the increase.
Yahoo Life Shopping
10 Best affordable online therapy providers for 2024
Take care of your mental health without stressing about finances with low-cost platforms like Calmerry, Brightside and Amwell
Local Journalism Initiative
City leaders update training in emergency situation simulation
THUNDER BAY — Leaders from the city, emergency response and other agencies are honing their skills in the event of a public emergency. On Tuesday, leaders from city police, EMS, fire, the regional hospital, and other integral community groups gathered for a province-mandated training session that simulated a heatwave emergency based on a real incident that happened in 1936, when humidex temperatures rose to over 40 C. The details of the simulation aren't known to the participants beforehand, exp
The Canadian Press
With 2024 presidential contest looming, Georgia governor signs new election changes into law
ATLANTA (AP) — Gov. Brian Kemp signed legislation Tuesday that makes additional changes to Georgia's election laws ahead of the 2024 presidential contest in the battleground state, including defining probable causes for removing voters from the rolls when their eligibility is challenged. Republican activists — fueled by debunked theories of a stolen election — have challenged more than 100,000 voters in the state in recent years. The activists say they are rooting out duplicate records and remov
The Telegraph
Governor at jail where accused escapee Daniel Khalife is held quits service
The governor of crisis-hit Wandsworth prison has quit the service ahead of an urgent notification placing the jail under special measures.
Associated Press Videos
Scientists are learning the basic building blocks of sperm whale language after years of effort
Scientists studying the sperm whales that live around the Caribbean island of Dominica have described for the first time the basic elements of how they might be talking to each other, in an effort that could one day help better protect them.
Evening Standard
PSG 0-1 Dortmund (0-2 agg): Mats Hummels the hero as BVB reach Champions League final
Real Madrid or Bayern Munich await at Wembley on June 1 after defensive masterclass
The Canadian Press
Calgary city council dumps bylaw charging consumers for shopping bags
Calgary’s much-maligned bylaw imposing restrictions and costs on single-use items is no more. City council has voted 12-3 in favour of ditching the rules following months of criticism from restaurants and consumers. The bylaw was passed in 2022 but only put into place in January, and the goal was to reduce waste ending up in the landfill. It required businesses to charge of minimum of 15 cents for paper bags and $1 for reusable bags. Single-use utensils such as cutlery, napkins and condiments wo

Latest Stories