The billionaire offloaded 15.6 million shares, or about 6 percent of the space travel company — through an entity he owns, leaving dotechnology do technology Website do technology co uk him with an 11.9% interest in the company, as per a regulatory report.

 The profits will help Branson’s travel and leisure businesses and will also help develop new and existing ventures, a Virgin Group representative said. Branson is 71 years old and remains Virgin Galactic’s largest shareholder, holding an investment of nearly $600 million, as of the closing price of its shares on Monday.