Former CEO of Amazon Jeff Bezos Buys Out Virgin Galactic, Set To Dismantle Space Program

Former CEO of Amazon Jeff Bezos Buys Out Virgin Galactic, Set To Dismantle Space Program
Image source: YouTube Video Screenshot

Jeff Bezos is making waves in the market after he announced via Twitter he has completed a buyout of Richard Branson’s Virgin Galactic Holdings Inc (NYSE:SPCE) and will be shutting down its space program and plans to incorporate talent from Virgin Galactic into Blue Origin. This news spelled disaster for Virgin Galactic investors who already were hit hard this morning, expecting a huge increase in share price after Branson’s successful test flight over the weekend, but were met with an early morning filing showing a sale of over 500,000,000 shares causing the share price to plummet.

Get The Full Walter Schloss Series in PDF

Get the entire 10-part series on Walter Schloss in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues.

Q2 2021 hedge fund letters, conferences and more

Virgin Galactic Shares Dip On Bezos' Announcement

Virgin Galactic was down almost 20% at market close, during the evening of Monday the 12th when the announcement was made, massive after hours selling started plummeting Virgin Galactic even more before the SEC halted all after hours trading of Virgin Galactic, $SPCE is now down almost 65% in one trading day, an almost unheard of amount for a company of its size.

Here Is What Electron Capital Told It’s Investors On A Recent Call [Exclusive]

InvestElectron Capital Partners returned 10.3% net for August, pushing its year-to-date returns into the green at 10%. The MSCI ACWI was down 3.9% for August, bringing its year-to-date return to -18.8%, while the S&P 500 was down 4.2% for August, which brought its year-to-date return to -17%. The MSCI World Utilities Index lost 1.8% for Read More

Many Wallstreetbets users who have weekly calls on Virgin Galactic are beyond mad. Some have threatened to “put Bezos on the local FOX-11” while some are more accepting of the grim future and are considering suicide.

In other news, Chief Keef was named brand ambassador for Blue Origin and is expected to accompany Bezos on his flight to space.

This post first appeared on The Stonk Market

Disclaimer: This is a satirical article.

No posts to display