Why Virgin Galactic Stock Jumped 7% -- Then Collapsed
Shares of Virgin Galactic (NYSE: SPCE) flew higher today, rising 6.7% through 12:15 p.m. EDT before turning tail and running the other way. It probably doesn't need to be pointed out, but just to be safe, let's mention that Virgin Galactic is one such publicly traded space company. Indeed, when Sir Richard Branson first announced his plans to take the company public, he said his primary reason was to give individual investors a chance to "dabble a little bit in a spaceship company, own a little bit of a spaceship company."
