Here's Why Virgin Galactic Stock Is Down Despite Good News
Virgin Galactic Holdings (NYSE: SPCE) returned to space on Thursday, launching its first crewed flight since July 2021. But investors are more focused on the challenges that still lie ahead. Shares of Virgin Galactic traded down 15% on Friday, its second consecutive day of losses.
It's been nearly two years since Virgin Galactic successfully launched founder Richard Branson into space, and the company has reported little other than setbacks and delays in the time since. But after a series of resets, it appears at long last that commercial service is right around the corner.
On Thursday, Virgin Galactic launched two pilots and four employees into space aboard the Unity 25 spacecraft. The mission specialists were on board in part to assess the customer experience, toward a plan for Virgin Galactic to launch its first commercial space flight in June.
Source Fool.com
