Virgin Galactic (SPCE) shares were taking a beating in Monday’s session after the company announced plans to sell $500 million’s worth of stock to raise capital. However, that will probably matter little to founder Richard Branson. The day before, strapped to his seat on the VSS Unity, the billionaire, along with 3 Virgin Galactic employees and 2 pilots, traveled into space for the first time. Possibly the only one watching gritting his teeth was fellow billionaire Jeff Bezos, who will have to console himself with coming second when he heads as a tourist into space on the Blue Origin owned New Shepard on July 20.
https://www.tipranks.com/news/article/virgin-galactic-branson-wins-the-commercial-space-race-whats-next
Virgin Galactic (NYSE:SPCE)
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