Chamath Palihapitiya sells $213M personal stake in Virgin Galactic

Billionaire investor Chamath Palihapitiya sold his remaining personal holding in Virgin Galactic, raising $213 million. Palihapitiya, who is Virgin Galactic's Chairman, sold 6.2 million shares at an average price of $34.32 this week, US SEC filings revealed. He still owns 15.8 million shares with his partner Ian Osborne through investment firm Social Capital Hedosophia.