Virgin Galactic Holdings (NYSE: SPCE) founder Richard Branson has sold more than $150 million worth of the company's stock in recent days, the second high-profile investor to shed shares of the space-tourism company in recent weeks. Branson and entities affiliated with his Virgin holding company sold 5.584 million shares of Virgin Galactic, according to a regulatory filing first reported by CNBC. The shares were sold at prices ranging from $26.85 to $28.73, for total proceeds of $150.3 million. Image source: Virgin Galactic. Branson created Virgin Galactic and took it public in 2019 via a merger with a special purpose acquisition company affiliated with Chamath Palihapitiya. Last month Palihapitiya, who remains chairman of Virgin Galactic, sold about $213 million worth of the stock. The sales come at a delicate time for Virgin Galactic. The company has hundreds of clients signed up to pay $250,000 for a brief trip to the edge of space but is behind schedule in getting them there. Virgin Galactic had originally hoped to initiate service last year, but a combination of pandemic-related delays and some testing setbacks has pushed back that timeline. Virgin Galactic also recently lost chief space officer George Whitesides, the one-time chief of staff at NASA, who left to pursue potential opportunities in public service. 10 stocks we like better than Virgin Galactic Holdings IncWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Virgin Galactic Holdings Inc wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of February 24, 2021 Lou Whiteman has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Virgin Galactic Holdings Inc. The Motley Fool has a disclosure policy.Source