Why Virgin Galactic Shares Are Higher Today
Virgin Galactic Holdings (NYSE: SPCE) is progressing with its plans to build its next-generation spaceship, announcing the site of its final assembly manufacturing facilities. On a day when investors are feeling optimistic, the news was good enough for a 5% jump in the space tourism company's share price.
Virgin Galactic is a space stock that has been grounded for most of the past year. The shares lost half of their value in the first half of 2022 as a series of setbacks caused the company to delay the launch of scheduled service until 2023.
Investors have begun to worry whether Virgin Galactic's core business will ever get airborne.
Source Fool.com
