Why Virgin Galactic Stock Just Dropped 5%

Rich Smith, The Motley Fool

30 October 2020 at 12:03 pm·2-min read

Why Virgin Galactic Stock Just Dropped 5%

Virgin Galactic Holdings (NYSE: SPCE) investors are having (another) bad day. Admittedly, this has been happening a lot lately, with Virgin Galactic stock racking up losses of 23% over the last 10 days of trading on the Nasdaq. Ever since Oct. 22, when the window opened for Virgin Galactic to run the next FCC-approved flight test of its VSS Unity spaceplane, investors have been watching for news that Virgin Galactic had moved a step closer to commercial operations -- and commercial-scale revenue growth.

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