Virgin Galactic Misfires on Weekend Test Flight Attempt

Heading into a weekend with a highly anticipated test flight on its schedule, space tourism company Virgin Galactic (NYSE: SPCE) tried to keep a lid on expectations. "We will fly no earlier than Saturday," advised the company, and if the weather failed to cooperate, it might even need to "extend into next week."

As it turned out, the weather did cooperate Saturday -- but the test flight was a failure anyway.

Taking off from Spaceport America in New Mexico at 10:24 a.m. EST, everything seemed to go swimmingly at first. Virgin "mothership" Eve ascended smoothly to "release altitude," Virgin "spaceship" Unity detached from its mothership, and then ... nothing.    

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Source Fool.com