BlackRock disclosed a 6.1% passive stake in Virgin Galactic Holdings. The asset management firm reported beneficial ownership of 8,188,652 shares of the space tourism company. The disclosure was made in a Schedule 13G filing with the Securities and Exchange Commission.
A Schedule 13G filing denotes a passive investment, indicating no intent to exert control over the company. The disclosure reveals significant institutional interest in Virgin Galactic from one of the world's largest investment managers.