
Billionaire Richard Branson to Raise $460 Million for New Blank Check Company
Billionaire Richard Branson is going to join the line of investors who have raised millions for blank check companies.
Billionaire Richard Branson is going to join the line of investors who have raised millions for blank check companies.
Richard Branson will sell the Virgin Galactic shares “from time to time by means of ordinary brokers’ transactions.” Credit Suisse Group AG will manage the sale.
United Airlines has reached out to the U.S. government requesting $4.5 billion in loans to keep their operations floating. The airlines operator has also offered the government a higher stake in the company with a fresh stock offering.
With the global aviation industry coming under major distress, Richard Branson has reached out to the U.K. government for a loan to keep Virgin airline business afloat and ensure that the job losses are reduced. SPCE stock is down now.