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Virgin Galactic seeks to sell $500M worth of stock after New Mexico test flight

According to a July 12 filing with the Securities and Exchange Commission, Virgin Galactic is offering up to $500 million worth of stock for sale. On the same day, the company’s stock value fell about 20%. The sale, if completed, would represent as much as four percent of Virgin’s outstanding shares as of their most previous close, Reuters reported.

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Source: The Business Journal

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