Virgin Galactic Dives 6% on Space Flight Delay Due to the Coronavirus
A speculative investment if ever there was one, Virgin Galactic (NYSE: SPCE) stock fell earthward on Monday, following a company announcement on its upcoming test space flight.
That flight was to take place between this coming Thursday and the following Monday in New Mexico. However, due to new restrictions imposed by the state's government to mitigate the spread of the coronavirus, Virgin Galactic is delaying the event. It said this decision was taken in consultations with New Mexico officials.
The company added that it is "minimizing its operational footprint" in the state; its operations are based in the Spaceport America facility located in the Jornada del Muerto desert basin.
Source Fool.com
