Chris Bakke@ChrisJBakke• about 2 years ago

Replying to @chamath

You can’t make this up: 1) Virgin Galactic raises hundreds of millions from name brand investors and becomes valued at more than $20B to disrupt space tourism 2) They use the money to do flashy partnerships with brands like Under Armour for the fabrication of space suits 3) In 2022 their chairman (Chamath Palihapitiya) quit 4) In late 2022, the company is hit with a fraud lawsuit 5) Now it turns out that Palihapitiya profited $315M in stock sales + Richard Branson sold $1.4B in stock before the stock declined by 96% from 2021 highs.