Why Virgin Galactic Stock Dropped 5% This Morning (Again)
Surprise, surprise. Space tourism stock Virgin Galactic (NYSE: SPCE) was again down 5% in early trading and was still down 3% at 1 p.m. EDT -- and in contrast to past declines in the stock, I'm afraid Virgin has no one but itself to blame for this dip.
The company, you see, just let slip that its first commercial space launch, carrying paying customers and producing actual revenue for the near-revenueless company, could be farther away than I suspect a lot of investors had hoped.
A Virgin Galactic test flight on June 25. Image source: Virgin Galactic.
Source Fool.com
