Mubadala takes 7pc stake in Vir­gin Ga­lac­tic

The Daily Telegraph - Business - - Business -

Shares in Vir­gin Ga­lac­tic Hold­ings jumped on the New York Stock Ex­change yes­ter­day on news that Abu Dhabi’s Mubadala has taken a 7pc stake in Sir Richard Bran­son’s space tourism firm, which is rais­ing $460m (£352m) sell­ing new stock. The emi­rate’s sovereign wealth fund said it bought 14.9m shares for in­vest­ment pur­poses.

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