Virgin Galactic falls as billionaire Branson sells stake worth $300 million

FILE PHOTO: Billionaire entrepreneur Richard Branson wears his astronaut's wings at a news conference, after flying with a crew in Virgin Galactic's passenger rocket plane VSS Unity to the edge of space at Spaceport America near Truth or Consequences, New Mexico, U.S., July 11, 2021. REUTERS/Joe Skipper/File Photo

(Reuters) -Shares of Virgin Galactic Holdings Inc fell nearly 3% on Friday after its founder and British billionaire Richard Branson sold a portion of his stake for nearly $300 million.

Branson sold more than 10 million shares between Aug. 10 and 12, according to a regulatory filing https://bit.ly/3jPMEFE from late Thursday.