Why Virgin Galactic Stock Crashed Today
Shares of Virgin Galactic (NYSE: SPCE) were down by 7.8% through 11:57 a.m. EDT Tuesday. But while many companies losing ground during the session may have largely been following the market's momentum -- the broader S&P 500 was off by 1.9% -- there could actually be a good reason why investors are punishing the space tourism company.
"Captain Kirk" is going to space, and he's going there with the help of Virgin Galactic rival Blue Origin.
Image source: Getty Images.
Source Fool.com