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Why Virgin Galactic Stock Crashed Today

TheMotleyFool

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Virgin Galactic (NYSE: SPCE), the space IPO that promised to commercialize space tourism -- then abruptly halted operations in 2024 to develop a new spaceplane -- tumbled to Earth Tuesday, closing the day down 16.5%. And why?

Virgin just announced a "capital realignment" to reduce its debt to manageable levels.

Image source: Getty Images.

Source Fool.com

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