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Virgin Galactic Plunge 15% After Plans to Sell Shares to Fund Building More Spaceships

July 17th, 2021
Categories: News

Link: https://sputniknews.com/business/202107131083372052-virgin-galactic-plunge-15-after-plans-to-sell-shares-to-fund-building-more-spaceships/

Virgin Galactic announced it would raise £360million [$500 million] in cash selling shares, after company head Richard Branson, successfully traveled to the edge of space..The raised money, according to the report, will be poured into development of the company's space fleet and infrastructure goal of 400 space flights per year per spaceport. .On 20 July, another billionaire, Amazon founder Jeff Bezos, is set to travel into space, aboard a Blue Origins orbital spacecraft.

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