Virgin Galactic shares plunged in premarket trading after British billionaire Richard Branson ruled out further investment in the company. Branson cited the impact of the Covid-19 pandemic on his business empire, stating that Virgin Galactic would no longer receive funding from him. The news caused the company's stock to tank, signaling financial turbulence for Virgin Galactic.
It's the end of an era for Richard Branson's Virgin Galactic as company shares plummeted on Monday upon the news that Branson would no longer be funding the project. https://t.co/ebANAMCUN3
Richard Branson makes a major investing change to Virgin portfolio https://t.co/AVqAG3oIEH
It's the end of an era for Richard Branson's Virgin Galactic as company shares plummeted on Monday upon the news that Branson would no longer be funding the project. https://t.co/ebANAMCUN3
Virgin Galactic Hits Financial Turbulence as Richard Branson Halts Funding https://t.co/ZBX21oFvLI https://t.co/0AANVbaf4j
Branson's wallet snaps shut for Virgin Galactic https://t.co/Aai7yDIHAB
No Further Investments in Virgin Galactic, Says Richard Branson https://t.co/CtjPfF6GPS
No Further Investments in Virgin Galactic, Says Richard Branson https://t.co/REBVnQGQlh
Virgin Galactic stock tanks after Richard Branson signals no more investments https://t.co/kkrzmSvW8t by @ines_ferre
BRITISH BILLIONAIRE RICHARD BRANSON RULED OUT FURTHER INVESTMENT IN VIRGIN GALACTIC In an interview with the Financial Times, Branson said that his sprawling business empire no longer has “the deepest pockets” in the wake of the Covid-19 pandemic, adding that Virgin Galactic… https://t.co/k7BGdoCaoR
Virgin Galactic shares plunge in premarket after Branson rules out further investment https://t.co/FihstuDN2L