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.

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Source Fool.com