Chamath Palihapitiya, Who Took Virgin Galactic Public, Steps Down From Space Company's Board

sold his personal Virgin Galactic stake in early 2021

that was worth over $200 million at the time. But Palihapitiya indirectly owns about 15.8 million shares through Social Capital Hedosophia Holdings. In a statement, Palihapitiya said he is leaving"to focus on other existing and upcoming public board responsibilities" but is"proud to leave the team in such capable hands" and looks forward to"one day flying to space with them.""We've always known the time would come when he would shift his focus to new projects and pursuits.

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