Virgin Galactic stock tanks after Richard Branson signals no more investments
) dropped as much as 15% on Monday after founder Sir Richard Branson said he wouldn’t be investing any more cash into the space travel company. “We don’t have the deepest pockets after COVID, and Virgin Galactic has got $1 billion, or nearly. It should, I believe, have sufficient funds to do its job on its own.” The billionaire founded Virgin Galactic in 2004 and helped/ A higher interest rate environment has prompted capital-intensive space-related companies like Virgin Galactic to devise ways to survive turbulent times. in one day after ...
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