Virgin Galactic Delays Much-Anticipated Weekend Test Flight
Early this morning, Virgin Galactic Holdings (NYSE: SPCE) called off a much-anticipated test flight set for this weekend, causing the stock to drop more than 10% in pre-market trading.
The space tourism company had originally hoped to begin commercial flights last year, but pandemic-related complications have delayed testing. There was a failed attempt to reach space in December, but investors had been bidding up the shares in anticipation of Saturday's retry.
Virgin Galactic's Unity spacecraft. Image source: Virgin Galactic.
Source Fool.com
