Why Virgin Galactic Stock Crashed 12% on Its Big Day
By all accounts, Thursday should have been a huge day for Virgin Galactic (NYSE: SPCE) -- but it's not working out that way at all, and as of 1:20 p.m. ET, shares of the space tourism pioneer are in freefall, down 11.8%.
This is a pretty huge surprise, given that after years of trying, Virgin Galactic finally got its first commercial, revenue-generating spaceflight mission off the ground, launching its Galactic 01 mission carrying three Italian Air Force pilots to the edge of space, and then bringing them back safely on Earth.
Image source: Virgin Galactic.
Source Fool.com
