Advertisement

Why Shares of Virgin Galactic Are Falling Today

Why Shares of Virgin Galactic Are Falling Today

Space tourism company Virgin Galactic Holdings (NYSE: SPCE) has been rocketing higher since its public market debut earlier this year, largely due to investor excitement about its long-term potential. Goldman Sachs sees that potential, but it just published a note reminding everyone of the challenges the company faces. Virgin Galactic aims to sell tourists brief trips into space at ticket prices of $250,000 or more apiece.