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Seekingalpha.com

Virgin Galactic announces Chamath Palihapitiya will step down as chairman

Virgin Galactic Holdings (NYSE:SPCE) announced on Friday that Chamath Palihapitiya will step down as chairman of the board immediately to focus on other public company board commitments. Palihapitiya joined Virgin Galactic’s board as its first Chairman when the company went public in 2019. Virgin Galactic (SPCE) appointed Director Evan...
BUSINESS
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Chamath Palihapitiya Steps Down As Virgin Galactic Holdings Chairman

Chamath Palihapitiya, the outspoken venture capitalist who fronted several special purpose acquisition companies at the peak of last year's investment frenzy, will step down as chairman of Richard Branson's Virgin Galactic (SPCE) - Get Virgin Galactic Holdings Inc Report spaceship group. Palihapitiya, 45, will leave the group immediately, the company...
BUSINESS

Silicon Valley billionaire and ‘SPAC king’ Chamath Palihapitiya suddenly resigns as Virgin Galactic chair

Never miss a story: Follow your favorite topics and authors to get a personalized email with the journalism that matters most to you. Virgin Galactic chairman and prolific venture capitalist Chamath Palihapitiya has stepped down from the company’s board, a month after he made widely criticized remarks on the plight of Uyghurs living in western China. Virgin Galactic distanced itself from his remarks at the time, but today’s announcement of his departure made no mention of them.
AEROSPACE & DEFENSE
parabolicarc.com

Chamath Palihapitiya Steps Down as Virgin Galactic Chairman to Spend More Time with Other SPACs

Departure comes four days before quarterly & full year earnings call. Silicon Valley billIionaire took company public in October 2019 through merger with special purpose acquisition company (SPAC) Sold $100 million personal investment for $313 million. Continues to own Virgin Galactic shares through Social Capital Hedosophia. TUSTIN, Calif., February 18,...
AEROSPACE & DEFENSE