Virgin Galactic Holdings Inc. (SPCE) is an aerospace firm growing spacecraft for human journey and tourism. The corporate is designing and constructing a program for transporting people on multi-day journeys that embody views of Earth from house. Its operations embody designing, growing, manufacturing, floor and flight testing, and upkeep of its spaceflight system autos.
The highest shareholders of Virgin Galactic are Adam Bain, Michael A. Colglazier, Michael Patrick Moses, Virgin Investments Ltd., SCH Sponsor Corp., and Vanguard Group Inc.
Virgin Galactic’s 12-month trailing internet revenue is -$746.2 million and it posted no income throughout that interval. The corporate’s market cap is about $6.1 billion. These monetary knowledge are as of Oct. 1, 2021.
“Insider” refers to individuals in senior administration positions and members of the board of administrators, in addition to individuals or entities that personal greater than 10% of the corporate’s inventory. On this context, it has nothing to do with insider buying and selling.
High 3 Particular person Insider Shareholders
The shares owned by particular person insider shareholders are these which might be held by means of direct possession. Shares talked about on this part don’t embody shares held not directly nor shares accessible by means of inventory choices. Firm insiders should file an SEC Form 4 each time they purchase or promote an quantity of the corporate’s inventory that’s deemed to be materials.
Adam Bain owns a complete of 1.2 million Virgin Galactic shares, representing 0.47% of the corporate’s complete shares outstanding. He’s an unbiased director for Virgin Galactic. Bain can also be a director of Social Capital Hedosophia Holdings Corp. (IPOF), which is concentrated on investing in expertise corporations. Hedosophia Holdings is a particular function acquisition firm (SPAC), also called a “blank check” firm. He beforehand served because the chief working officer (COO) of Twitter Inc. (TWTR). Earlier than that, Bain spent 13 years at Information Corp. (NWSA) the place he labored as president of the Fox Viewers Community. Along with his director roles, he serves as a member of the board of on-line attire market GOAT Group.
Michael A. Colglazier
Michael A. Colglazier owns a complete of 623,445 Virgin Galactic shares, representing 0.24% of the corporate’s complete shares excellent. Colglazier, who joined the corporate in 2020, is chief government officer (CEO). His focus is on growing the corporate’s house expertise and main the technique involving the development of the corporate’s future fleet of spacecraft. Earlier than becoming a member of Virgin Galactic, he labored for greater than three a long time with The Walt Disney Co. (DIS). Whereas at Disney, he hung out serving as president and managing director of Disney Parks Worldwide and earlier than that as president of The Disneyland Resort in Southern California.
Michael Patrick Moses
Michael Patrick Moses owns a complete of 409,000 Virgin Galactic shares, representing 0.16% of the corporate’s complete shares excellent. He’s the corporate’s president for house missions and security. He’s answerable for guaranteeing the security and success of Virgin Galactic’s spaceline operations, together with automobile processing for the brand new VMS Eve and SpaceShipTwo house autos, flight planning; astronaut coaching, and flight crew operations. Moses joined the corporate after spending over a decade at NASA. Between 2008 and 2011, he labored as NASA’s launch integration supervisor on the Kennedy Area Heart in Florida. He additionally hung out as chair of the Mission Administration Crew, as a flight director on the Johnson Area Heart, and as a flight controller within the Shuttle Propulsion and Electrical Programs Group.
High 3 Institutional Shareholders
Institutional buyers maintain roughly 21% of Virgin Galactic’s complete shares excellent.
Virgin Investments Ltd.
Virgin Investments owns 46.3 million shares of Virgin Galactic, representing 18.0% of complete shares excellent, in response to the corporate’s 13D submitting for the interval ending Aug. 10, 2021. The corporate makes investments on behalf of its sole shareholder, Virgin Group Investments LLC. The only real managing member of Virgin Group Investments is Corvina Holdings Ltd., whose sole shareholder is Virgin Group Holdings Ltd. Billionaire Richard Branson is the only real shareholder of Virgin Group Holdings, which is comprised of corporations spanning a number of sectors, together with journey and leisure, well being and wellness, music and leisure, telecoms and media, monetary providers, and house.
SCH Sponsor Corp.
SCH Sponsor owns 23.8 million shares of Virgin Galactic, representing 9.2% of complete shares excellent, in response to the corporate’s 13D submitting for the interval ending March 2, 2021. SCH is a holding firm used to make investments for 2 buyers: Chamath Palihapitiya, who’s Virgin Galactic’s chairman of the board of administrators, and Ian Osborne. SCH Sponsor’s sole holding is shares of Virgin Galactic, as of March 2, 2021. In early March, Palihapitiya offered the remaining shares that he held straight as part of his private stake. He nonetheless holds an oblique stake in Virgin Galactic with Osborne by way of SCH Sponsor.
Vanguard Group Inc.
Vanguard Group owns 13.7 million shares of Virgin Galactic, representing 5.3% of complete shares excellent, in response to the corporate’s 13F submitting for the interval ending June 30, 2021. The corporate is primarily a mutual fund and ETF administration firm with about $7.2 trillion in international property beneath administration (AUM). Certainly one of Vanguard’s funds that holds shares of Virgin Galactic is the Vanguard Russell 1000 Development ETF (VONG), which has a complete of $82.0 billion in AUM. Virgin Galactic contains 0.02% of VONG.