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Why Virgin Galactic Stock Tumbled by 5% Today

TheMotleyFool

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Why Virgin Galactic Stock Tumbled by 5% TodayPhoto, wide shot, wide-angle lens, Grocery store, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/9a6c3fc6-53ff-4c6e-848b-263660ac3eb0.png

Virgin Galactic (NYSE: SPCE) was anything but ascendant on Wednesday. The space tourism company's stock slumped by over 5% following pronouncements about a future trip from its most high-profile figure. Unfortunately, that person was discussing a trip on a rival's spacecraft.

Earlier on Wednesday, Virgin Galactic founder Richard Branson told CNBC that he aims to hop on board a flight operated by the other famous space tourism operator, the Elon Musk creation SpaceX. The idea seems to be that the two publicity-hungry entrepreneurs will trade flights.

Image source: Virgin Galactic.

Source Fool.com

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