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Branson Takes a Dump

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

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!

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