Investors became enamored with space economy stocks during the COVID-19 market bubble, specifically from special purpose acquisition company (SPAC) mergers. With money seemingly flooding from all over the world to these speculative asset classes, pre-revenue companies were trading at market caps north of $10 billion for a short period.

One of the leading bubble stocks was Virgin Galactic (NYSE: SPCE), a space flight company that is trying to build a tourism business by charging hundreds of thousands of dollars to take trips into low orbit.

Virgin Galactic has fallen 90% from its highs during the COVID-19 SPAC frenzy but is still one of the most popular stocks on Robinhood. Here's why you should stray from the Robinhood crowd and avoid buying the dip on this stock. 

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Source Fool.com