Why Virgin Galactic Bounced Again Today

Rich Smith, The Motley Fool

18 May 2021 at 3:07 pm·2-min read

Shares of space tourism pioneer Virgin Galactic (NYSE: SPCE) stock jumped 6.6% through 2 p.m. EDT trading Tuesday as rumors of an imminent flight test of its VSS Unity spaceplane began to firm up. In an after-hours column, Investor's Business Daily (IBD) confirmed yesterday that Virgin Galactic "will provide an update on its test flight schedule this week." Sketching out Virgin's plans, IBD reminded investors that Virgin has at least four more flight tests on its schedule before it begins accepting paying passengers onboard its spaceplane.

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