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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. ....
Virgin Galactic stock sinks on plan to sell up to $500m in shares aljazeera.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aljazeera.com Daily Mail and Mail on Sunday newspapers.
Analysts debate Tesla valuation detroitnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from detroitnews.com Daily Mail and Mail on Sunday newspapers.
Auto investors risk losing out if they don t own Tesla shares: Morgan Stanley SECTIONS Last Updated: Apr 08, 2021, 07:48 AM IST Share Morgan Stanley has a buy-equivalent rating on Tesla and a price target of $880. Related By Esha Dey and Joe Easton Tesla Inc. can disproportionately benefit from the U.S. infrastructure package, and investors in the auto sector risk losing out if they don’t own the stock, Morgan Stanley said. The Biden administration proposes allocating $174 billion to develop the country’s electric-vehicle ecosystem, which could enhance Tesla’s advantage over legacy car companies and even some new entrants, analyst Adam Jonas wrote in a note Wednesday. However, he warned that the development may happen in a volatile fashion, bringing in some near-term uncertainties that might differ from year to year. ....
What Did the Stock Market Do Today? 3 Big Stories to Catch Up On. investorplace.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investorplace.com Daily Mail and Mail on Sunday newspapers.