Branson Takes a Dump

By -

Well, Virgin Galactic (SPCE) was already a train wreck as of yesterday, but today it’s even worse, now that news has hit that founder Richard Branson has handed $150 million of SPCE bags to various retail holders around the world. I wrote somewhat derisively about space tourism in a premium post two months ago. As of now, SPCE is down about 65% in a mere in two months. And that, my friends, is why Richard Branson is richer than we are!