Why Virgin Galactic Stock Keeps Falling
For the second day in a row -- and the sixth session out of the last eight -- shares of Virgin Galactic (NYSE: SPCE) are heading lower on Friday, down by 7.3% as of 1:40 p.m. ET.
That's kind of a surprise given that this week was a pretty great week for Virgin Galactic on the news front. The company finally -- after years of waiting -- launched a revenue-generating commercial space tourism flight, and brought all three of its passengers back home safe and sound.
In its press release announcing the success of said spaceflight -- dubbed "Galactic 01" -- Virgin Galactic also confirmed that it's on track to launch "Galactic 02" in August, and then proceed to monthly launches thereafter, using its VMS Eve mothership and VSS Unity spaceplane.
Source Fool.com
