Here's How Virgin Galactic Stock Could Make You Richer
No two ways about it: Last week was a weird week to own Virgin Galactic (NYSE: SPCE) stock.
Coming out of the holiday weekend, shares of the first-ever space tourism company rocketed 27% on Tuesday in response to the company's confirmation that it will launch its first-ever revenue-generating commercial space tourism flight later this week.
Investors' applause died out quickly, however, as Virgin Galactic stock began to collapse: down 5% on Wednesday, then another 7% on Thursday, and then an avalanche of losses -- falling a further 18% on Friday after the company announced plans to sell $400 million in new stock. All of a sudden it became apparent that the amount of money Virgin Galactic is raising from selling stock simply dwarfs the amount of money it hopes to make from selling tickets.
Source Fool.com
