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Virgin Galactic shares plan to sell $ 500 million worth of shares in Business and Economic News Virgin Galactic asked for the sale of $ 500 million worth of shares to founder Richard Branson on Sunday after a successful flight into suborbital space. Virgin Galactic Holdings Inc. the company was asked to sell $ 500 million worth of shares after a flight through rocket by founder Richard Branson, which earned Wall Street praise “as a marketing coup.” The success of the hour-long mission 50 miles (more than 80 miles) from Earth prompted Virgin Galactic to plan to start offering tourist trips next year. The shares fell the most in almost seven months after the potential sale was announced on Monday, which suggested the company needed more commercial funds while preparing for its commercial debut.

New yorkUnited statesNew mexicoWill whitehornChristopher jasperRichard bransonColin bennettKsenia galouchkoJeff bezosTony robinsonEsha deyBlaise robinsonKen herbert canaccordVirgin galacticBlue originVirgin galactic holdings inc