(Tiper Stock Exchange) – Virgin Galacticthe company created by tycoon Richard Branson to build an offer of suborbital spaceflights for the commercial market, has announced that it could offer “occasionally” common stock up to $400 million with an “at the market” offer.
The company – as stated in a filing with the SEC – intends to use the proceeds for the development of its fleet and infrastructurefor its business operations and general business purposes, including the working capital and general and administrative expenses.