Monday, May 20, 2024

Virgin Galactic investment pays off big time for Palihapitiya

One of the first big spenders in special-purpose acquisition (SPAC) investment, billionaire Chamath Palihapitiya has sold 6.2 million personal shares of Virgin Galactic for about $211 million. He pledged to parlay the profits into combatting climate change. Palihapitiya’s investment in 2019 helped the space tourism startup founded by Richard Branson speed to a public listing. Palihapitiya and business partner Ian Osborne still own 15.8 million shares via SCH Sponsor Corp.

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Death toll rises to six in New Caledonia riots

(Al Jazeera Media Network) Another person has been killed in France’s Pacific Islands territory of New Caledonia as security personnel try to restore order, taking...

Hell on Earth’ as violence escalates in Sudan’s el-Fasher

(Al Jazeera Media Network) The United Nations human rights chief has expressed horror over the escalating violence in Sudan’s North Darfur region as one...