Abu Dhabi's Mubadala, affiliates disclose stakes in Virgin Galactic
Shares were bought for investment purposes, the sovereign wealth fund said
New York: Abu Dhabi's Mubadala Investment Company and its affiliates have disclosed their holdings in Virgin Galactic, according to a US securities filing Friday.
The shares were bought for investment purposes, the sovereign wealth fund said in the regulatory filing. Mubadala now holds 14.9m shares, or 7.1% in the space tourism company. Its affiliates Aabar Space, Aabar Investments and International Petroleum Investment Co. each own 7.1% stakes in Virgin Galactic.
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The disclosures come after Virgin Galactic priced 23.6 million shares at $19.50 each earlier this week. The funds were raised even as the company announced a delay in plans carry to founder Richard Branson into space until early 2021 - a milestone flight seen as the start of the Virgin Galactic's tourism business.