Canada markets close in 2 hours 34 minutes
  • S&P/TSX

    21,065.67
    -96.98 (-0.46%)
     
  • S&P 500

    4,691.28
    +4.53 (+0.10%)
     
  • DOW

    35,662.65
    -56.78 (-0.16%)
     
  • CAD/USD

    0.7908
    -0.0001 (-0.01%)
     
  • CRUDE OIL

    72.42
    +0.37 (+0.51%)
     
  • BTC-CAD

    63,848.15
    -1,152.05 (-1.77%)
     
  • CMC Crypto 200

    1,316.02
    +10.90 (+0.84%)
     
  • GOLD FUTURES

    1,784.60
    -0.10 (-0.01%)
     
  • RUSSELL 2000

    2,272.37
    +18.59 (+0.82%)
     
  • 10-Yr Bond

    1.5130
    +0.0330 (+2.23%)
     
  • NASDAQ

    15,753.88
    +66.96 (+0.43%)
     
  • VOLATILITY

    20.69
    -1.20 (-5.48%)
     
  • FTSE

    7,337.05
    -2.85 (-0.04%)
     
  • NIKKEI 225

    28,860.62
    +405.02 (+1.42%)
     
  • CAD/EUR

    0.6967
    -0.0047 (-0.67%)
     

Why Virgin Galactic Stock Just Tanked

·2 min read
Why Virgin Galactic Stock Just Tanked
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Shares of would-be space tourism company Virgin Galactic Holdings (NYSE: SPCE) -- the company that lit the fuse on the series of recent special purpose acquisition IPOs of new-space companies back in 2019 -- are crashing in Wednesday morning trading, down 6.9% as of 10:20 a.m. EDT. For this, I blame a space company that hasn't even IPO'd yet: Blue Origin. Earlier this week Blue Origin led a team of companies ranging from Redwire to Boeing to Sierra Nevada to Blue Origin itself in announcing plans to build a new, privately owned and operated space station called Orbital Reef.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting