Virgin Galactic Surprises Shareholders with $400M Sale

VSS Unity

Credit: Virgin Galactic/Mark Greenberg
Virgin Galactic, which later this month could finally start revenue-generating suborbital spaceflights after yearslong delays, shocked shareholders on June 23 with the revelation that it will raise $400 million gross through the sale of stock. The announcement, made in a U.S. regulatory filing late...
Michael Bruno

Based in Washington, Michael Bruno is Aviation Week Network’s Executive Editor for Business. He oversees coverage of aviation, aerospace and defense businesses, supply chains and related issues.

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