|Bid||0.00 x 1100|
|Ask||0.00 x 1400|
|Day's Range||18.31 - 18.57|
|52 Week Range||14.27 - 62.80|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov. 08, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||28.91|
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.
We've also got a look at tech news and a couple of stocks to watch.
When Virgin Galactic (NYSE: SPCE) went public via SPAC merger in 2019, the company projected that 66 passengers would fly aboard the company's spacecraft in 2020 and another 646 in 2021. Investors recently got word that yet another delay is hitting Virgin Galactic, and at best we will see a small number of revenue-generating flights in 2022, assuming no more delays.