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Richard Branson’s last 3 investments ($25, $20 & $10 million) have all been secured against the company’s assets. I don’t see anyone paying $55 million for it a
by stirlo 4y ago
Richard Branson’s last 3 investments ($25, $20 & $10 million) have all been secured against the company’s assets. I don’t see anyone paying $55 million for it as a going concern so it looks like he’ll inherit it. Will be interesting to see if he chooses to continue or shut it down once it’s back in his hands.
- tempsy 4y agoBetween Virgin Galactic and now this hard to see him as much more than a pump and dump SPAC grifter.
- ta1243 4y agoI struggle to think of a successful Branson venture in the last 20 years, possible even longer. Other than selling the "Virgin" branding of course.
- panick21_ 4y agoVirgin Galactic was the most disgusting pump-and-dump ever. They literally SPAC telling a story about intercontinental hypersonic flight. Fucking absurd, the company can't make low power hybrid engine burn a short time readability and have constant issue with their air-frame. And beyond have a terrible safety culture. Yeah that company is gone build an intercontinental hypersonic airliner that about 100x more difficult problem. When will the get it working, in 2150? It was literally a pure lie and grift for money, and soon after Branson and all the leadership of VG dropped stocks like crazy. Branson also invested in this idiotic Hyperloop company. Another pure investor drift nonsense, but at least it didn't SPAC.