Summary by Futu AI
BlackRock, Inc., a global investment management corporation based in Delaware, has filed a Schedule 13G with the Securities and Exchange Commission (SEC) on November 12, 2024, indicating a significant ownership stake in Virgin Galactic Holdings, Inc. The filing reveals that BlackRock now beneficially owns 1,605,747 shares of Virgin Galactic's common stock, which represents 5.6% of the company's total class of securities. This level of ownership classifies BlackRock as a major shareholder, with sole voting power over 1,570,413 shares and sole dispositive power over all 1,605,747 shares it holds. The filing was made in accordance with Rule 13d-1(b) of the SEC, identifying BlackRock as a parent holding company or control person. The document specifies that the shares were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of Virgin Galactic, nor in connection with any transaction having such purpose or effect.