Former Facebook executive-turned-SPAC sponsor Chamath Palihapitiya sells $98 Million worth of Virgin Galactic stock, or 15 percent of his stake, the Financial Times reports, speculating the cash-out is a sign that SPACs may soon be feeling gravity’s pull. However, Palihapitiya in a tweet said he was merely managing liquidity. Read more.
SPAC-Man Easing Out of Space-Flight SPAC Space: Report
