Richard Branson cleared to sell $1B of Virgin Galactic stake: Report
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Richard Branson is free to sell a nearly $1 billion stake in Virgin Galactic, half his stake in the aerospace company he founded.
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Virgin Group’s ability to sell the stake was cleared through a securities filing last week, the Financial Times reported.
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Virgin Galactic’s stock price was up close to 15 percent this week, and the company’s valuation was up to $4.17 billion Friday.