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

  • 📰 nbcchicago
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Virgin Galactic announced on Friday that chairman Chamath Palihapitiya is stepping down from the space tourism company’s board of directors.

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 545. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Accusations of 'greenwashing' by big oil companies are well-founded, a new study finds - Alaska Public MediaGlobal energy companies have been promising a transition to clean energy – or at least to reduce their carbon footprints – but a new study concludes that they're underperforming on their targets.
Source: AKpublicnews - 🏆 387. / 55 Read more »

Accusations of 'greenwashing' by big oil companies are well-founded, a new study findsUsing data collected from 2009–2020, the researchers found that the companies often talked about shifting to clean energy without making dramatic changes.
Source: KTOOpubmedia - 🏆 439. / 53 Read more »