Why Virgin Galactic Stock Just Dropped 7.5%

Virgin Galactic (NYSE: SPCE) stock crashed on Monday morning after its rival in space tourism, Blue Origin, announced its latest "get" of a high-profile passenger that it will fly to space.

As of 1:50 p.m. ET, Virgin Galactic stock is down 7.5%.

Image source: Getty Images.

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Source Fool.com