Why Virgin Orbit Shares Blasted Higher Today
Richard Branson's commercial space launch company, Virgin Orbit (NASDAQ: VORB), just went public less than two weeks ago, and its shares are soaring today. As it gets closer to its first launch as a publicly traded company, investors are also getting excited. Virgin Orbit shares rocketed as much as 40% in Tuesday trading before paring some of those lofty gains. As of 3:17 p.m. ET, the stock was still 28% higher on the day.
The excitement comes from news that the launch of its third commercial mission, dubbed Above the Clouds, is on track to proceed as early as tomorrow. The company announced on its Twitter feed today that the mission is on pace to be ready for the start of its launch window that opens Wednesday at 4 p.m. ET, or 1 p.m. local time from the Mojave Air and Space Port in California.
Source Fool.com
