• Departure comes four days before quarterly & full year earnings call
• Silicon Valley billIionaire took company public in October 2019 through merger with special purpose acquisition company (SPAC)
• Sold $100 million personal investment for $313 million
• Continues to own Virgin Galactic shares through Social Capital Hedosophia

TUSTIN, Calif., February 18, 2022 (Virgin Galactic PR) — Virgin Galactic Holdings, Inc. (NYSE: SPCE) (the “Company” or “Virgin Galactic”) announced today that, effective immediately, Chamath Palihapitiya will step down as chairman and as a member of its Board of Directors to focus on other public company board commitments. As part of the announcement, the Board appointed Director Evan Lovell as Interim Chairman until a new chair is in place.